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Adam Eckert

DARK SECRETS: Why rite aid stock is rising today | Vintage Vibes

Rite Aid Rite Aid Corp

Rite Aid Corp (NYSE:RAD) shares are trading higher Thursday after the company announced better-than-expected financial results and raised full-year revenue guidance above analyst estimates.

Rite Aid reported fiscal first-quarter revenue of $6.01 billion, which beat the estimate of $5.75 billion, according to data from Benzinga Pro. The company reported a quarterly earnings loss of 60 cents per share, which beat the estimate for a loss of 70 cents per share.

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