Rite Aid Shares Down on 2014 Outlook

Drugstore chain Rite Aid reported solid third-quarter results on Thursday after a strong start to its flu-immunization program and the completed addition of Wellness stores. However, shares of Rite Aid are falling after the company lowered its profit forecast and revenue outlook for the year. While third-quarter revenue beat analysts' expectations and earnings per share came in line with estimates, investors are focusing on Rite Aid's lowered 2014 guidance that now comes in below analysts' estimates.