Categories AlphaGraphs, Earnings, Health Care

Infographic: Highlights of Rite Aid’s (RAD) Q3 2021 earnings report

Rite Aid Corporation (NYSE: RAD) reported a decline in third-quarter earnings, despite an increase in revenues, as margins were hurt by higher costs. The results, meanwhile, beat the consensus forecast.

Rite Aid Corporation Q3 2021 earnings infographic

The drugstore chain reported earnings from continuing operations of $0.40 per share for the third quarter, excluding special items, compared to $0.54 per share in the corresponding period of 2020. Unadjusted profit was $4.3 million or $0.08 per share, compared to $52.3 million or $0.98 per share a year earlier. Analysts were looking for a loss for the most recent quarter.

The bottom-line performance was affected by elevated expenses. Meanwhile, third-quarter revenues increased 12% year-over-year to $6.12 billion and came in above the estimates.


Read management/analysts’ comments on Rite Aid’s Q3 earnings


In the past twelve months, the company’s shares gained about 22%. They closed the last trading session lower but made strong gains soon after Thursday’s earnings report.

  • Rite Aid (RAD) Q1 2021 earnings infograph
  • Rite Aid Corporation Reports Fiscal 2020 Fourth Quarter and Full Year Results
  • Rite Aid Corporation (NYSE: RAD) swung to a profit in the second quarter of 2020, from a loss in the year-over period, even as revenues growth remained stagnant

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top