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Shares of Rite Aid (NYSE: RAD) were plunging 14.3% lower as of 11:22 a.m. EDT on Thursday. The steep decline came after the pharmacy retailer reported its fiscal 2022 first-quarter results before the market opened. As you might expect after today's sell-off of the healthcare s...
Rite Aid Corp. ( NYSE: RAD ) said on Thursday its revenue in the fiscal first quarter came in weaker than expected, attributed to the pharmacy services business. Its Q1 profit, however, topped Wall Street estimates. The stock slipped about 12% on Thursday morning. Rite Aidȁ...
Gainers: Kaleido Biosciences (KLDO) +15%, Pieris Pharmaceuticals (PIRS) +14%, Arcus Biosciences (RCUS) +14%, Compugen (CGEN) +14%, Atossa Therapeutics (ATOS) +14%.Losers: Portage Biotech (PRTG) -23%, Rite Aid (RAD) -14%, 4D Mole...
PPAMPicture/E+ via Getty Images Earnings news is moving shares of some household names on Thursday morning in pre-market trading. Drug store chain Rite Aid (RAD) dropped following the release of its quarterly report, while strong earnings sparked gains in shares of consulting firm Accenture (...
Portage Biotech PRTG -28% on stock offering.Daqo New Energy DQ -10% following a report that the U.S. is poised to bar some solar products made in China's Xinjiang region.Biogen BIIB -8% in sympathy with Lilly's Alzheimer’s therapy plan. Yesterday...
Landscape and nature photographer based in Upstate, New York/iStock Editorial via Getty Images Despite an earnings beat, Rite Aid (RAD) has lost ~6.5% in the pre-market after the company’s revenue for the first quarter of fiscal 2022 came below expectations. Revenue from...
Rite Aid (RAD): Q1 Non-GAAP EPS of $0.38 beats by $0.16; GAAP EPS of $0.24 beats by $0.32.Revenue of $6.16B (+2.2% Y/Y) misses by $50M.For FY2022, total revenues are expected to be between $25.1B-$25.5B vs. consensus of $24.66B and adjusted net loss per share is expected to be between $0...
Company Unveils Four Key Pillars Guiding its Sustainability Efforts Rite Aid (NYSE: RAD) today published its third annual corporate sustainability report, detailing the company’s enhanced Environmental, Social and Governance (ESG) strategy. The report introduces four ...
Revenues from Continuing Operations Increased 2.2 Percent to $6.16 Billion Compared to Prior Year First Quarter Revenues from Continuing Operations of $6.03 Billion Approximately 4.7 Million COVID-19 Vaccines Administered in First Quarter First Quarter Net Lo...
The week of Amazon’s (NASDAQ: AMZN) Prime Day event is finally here but the upcoming week includes some big names’ earnings reports, such as Nike (NYSE: NKE) and FedEx Corporation (NYSE: FDX), along with a new round of economic reports, including the GDP. Monday- no major ...
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Secures Interim Approval to Access Up to $3.45 Billion in Debtor-in-Possession Financing Continues to Serve Customers and Deliver Healthcare Products and Services Across Retail and Online Platforms Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Compan...
Stein Succeeds Elizabeth “Busy” Burr Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) today announced that its Board of Directors has appointed Jeffrey S. Stein as Chief Executive Officer (CEO), Chief Restructuring Officer (CRO) an...
Reaches Agreement in Principle with Key Creditors on the Terms of Financial Restructuring Plan Initiates Voluntary Chapter 11 Process to Implement a Consensual Financial Restructuring That Will Significantly Reduce Debt and Enable Execution of Key Initiatives Receives Commitment f...