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Rite Aid: Share
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For the period ended June 2, Rite Aid raked in net income of $19.5 million, or 4 cents per share, versus $3.2 million, or 1 cent per share from the year-ago period. Revenue climbed 3% to $4.46 billion.
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For the three months ended March 3, Rite Aid said it earned $7.1 million, or a penny per share. Analysts surveyed by Thomson Financial predicted a profit of 2 cents a share.
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For the full year, Rite Aid expects a loss of $78 million and $161 million, or 15 cents to 27 cents a share. It had previously forecast a net loss between $47 million and $129 million, or 11 cents to 23 cents a share.
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Rite Aid said its loss attributable to common shareholders was $93 million, or a 12 cents per share for the three months ending Dec. 1. Analysts surveyed by Thomson Financial expected a loss of 7 cents.
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