Rite Aid skyrockets 50% on blockbuster earnings, its biggest jump in 10 years (RAD) | Markets Insider

Shares of the drugstore surged as much as 50%, marking the biggest single-day percentage gain in more than 10 years. The increase came after its fiscal third quarter earnings report solidly beat analyst expectations.

Adjusted earnings per share:Net income for the third quarter was $52.3 million, a 202% increase from the $17.3 million that Rite Aid brought in during the same quarter a year earlier. The increase was primarily due to a $55.7 million gain on debt retirements and an increase in adjusted EBITDA, the company

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Grocery price change: How much bread, bacon, cost 10 years ago vs. now - Business InsiderWe compared the price of 11 grocery staples today against what they cost 10 years ago. The cost of bacon skyrocketed while the cost of eggs dipped.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market 2020 forecasts, S&P 500 year-end targets from Wall Street - Business Insider'Uncertainty is higher than normal': What 14 Wall Street giants are forecasting for the stock market in 2020, and where they say you should put your money
Source: BusinessInsider - 🏆 729. / 51 Read more »