Rite Aid posts 2Q profit

Markets Associated Press

Rite Aid Corp. (RAD) on Thursday reported fiscal second-quarter net income of $170.7 million.

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On a per-share basis, the Camp Hill, Pennsylvania-based company said it had net income of 16 cents. Losses, adjusted for non-recurring gains, were 1 cent per share.

The drugstore chain posted revenue of $7.68 billion in the period.

The company's shares closed at $2.28. A year ago, they were trading at $8.07.

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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on RAD at https://www.zacks.com/ap/RAD

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Keywords: Rite Aid, Earnings Report