Business & Finance
Rite Aid incurs lesser net loss of USD17.3m for Q3 fiscal 2019
20 December 2018 -

Drug store Rite Aid Corporation (NYSE:RAD) stated on Wednesday its net loss from continuing operations of USD17.3m (USD0.02 per share) for its third fiscal quarter ended 1 December 2018.

This marks a slight improvement when compared with net loss from continuing operations of USD18.2m (USD0.02 per share) in last year's third quarter.

Revenues from continuing operations of USD5.5bn was recorded for its third fiscal quarter ended 1 December 2018, a rise over revenues from continuing operations of USD5.4bn in the prior year's third quarter.

Adjusted EBITDA from continuing operations was USD142.8m or 2.6% of revenues for the third quarter, up USD0.7m versus the Adjusted EBITDA from continuing operations of USD142.1m or 2.7% of revenues for the same period last year, an increase of

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