Rite Aid Corporation Shares Up 8 % on Q1 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/RAD'>Rite Aid Corporation (NYSE:RAD)</a> shares rose nearly 8% on Friday following the company’s reported Q1 earnings results, with EPS coming in at ($0.60), better than the Street estimate of ($0.70). Revenue was $6.01 billion, beating the Street estimate of $5.75 billion.</p>
<p>The company expects the full 2023-year EPS to be in the range of ($1.19)-($0.66), compared to the Street estimate of ($1.41). 2023 revenue is expected in the range of $23.6-24 billion, compared to the Street estimate of $22.91 billion. The company maintained its EBITDA target in the range of $460 million-$500 million.</p>

NYSE:RAD