Rite Aid posts better-than-expected Q3 earnings

Drugstore chain Rite Aid Corporation (RAD) slipped to a loss in the third quarter from a profit last year, due to lower discontinued operations. The results exceeded analysts’ expectations. Following this, the stock inched up over 6% in the after-market session. In a separate release, Rite Aid and McKesson (MCK) agreed to key terms that … Continue reading Rite Aid posts better-than-expected Q3 earnings