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Rite Aid posts 3Q profit

CAMP HILL, Pa. (AP) _ Rite Aid Corp. (RAD) on Wednesday reported fiscal third-quarter net income of $81 million.

The Camp Hill, Pennsylvania-based company said it had profit of 8 cents per share. Earnings, adjusted to account for discontinued operations, came to less than 1 cent on a per-share basis.

The drugstore chain posted revenue of $5.35 billion in the period.

In the final minutes of trading on Wednesday, the company's shares hit $2.11. A year ago, they were trading at $8.18.


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