Rite Aid Posts Profit Vs. Year-Ago Loss
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Drugstore chain Rite Aid Corp. (RAD.N: Quote, Profile, Research) on Thursday reported a quarterly profit, reversing a year-ago loss, on strong cash flow and a reduction in inventory-related expense.
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Rite Aid Corp. (RAD.N: Quote, Profile, Research) , the third-largest US drugstore chain, on Tuesday warned that if current sales trends continue its fiscal 2005 results would fall below expectations it gave in September.
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The company turned in a wider Q1 loss but is still on track for a profitable year.
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Specialty department store retailer Stage Stores Inc. on Thursday said its third-quarter results met Wall Street expectations, even though its profit dropped against a year-ago gain.
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Annual results show a drop in profits despite better efficiency.
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Biopharmaceutical company ImClone Systems Inc. said Thursday that it swung to a profit in the third-quarter from a year-ago loss due to sales of colorectal cancer drug Erbitux.
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Manufacturing conglomerate Tyco International Ltd. said Monday that it swung to a profit in the fourth quarter from a year-ago loss, but the company guided below consensus estimates for the first quarter of fiscal 2005.
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U.S.-Norwegian cruise operator Royal Caribbean Cruises Ltd.  posted a fourth-quarter profit on Monday, reversing a year-earlier loss, helped by lower net cruise costs.
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Toys R Us Inc. swung to a profit in its second fiscal quarter from a loss a year ago, buoyed by a reversal of $200 million in income tax reserves.
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CAMP HILL, Pa. Rite Aid says it&#39;s lowering its financial projections for the current fiscal year, citing slowing pharmacy sales and lower-than-expected reimbursement rates paid by insurance companies and other health plans.
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NYSE Group Inc.  posted a fourth-quarter profit on Friday, reversing a year-earlier loss, but results were not as strong as some investors had hoped, and its shares fell.
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Forest products company Weyerhaeuser Co.  posted a quarterly profit on Friday, after a year-ago loss, helped by a one-time refund of duties and an increased profit from its real estate business.
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Discount retailer Kmart Holding Corp. reported a third-quarter profit Wednesday, reversing a year-earlier loss, as asset sales and cost containment helped offset a further decline in sales.
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CNA Financial Corp. , one of  the largest commercial insurance firms in the United States,  said on Monday that it had a fourth quarter profit compared  with a loss a year ago, when it was hurt by claims from 2005's  Hurricane Wilma.
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The company said its net loss in the fiscal third quarter ended Dec. 1 was $84.8 million, or 12 cents a share, compared with a net profit of $1.1 million.
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Reynolds American Inc. , the No. 2 U.S. cigarette maker, on Tuesday posted a quarterly profit, compared with a year-earlier loss, helped by a restructuring and cost savings following the merger that formed the company last year.
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Sears, Roebuck and Co. on Thursday  said quarterly profit fell sharply compared with a year  earlier, when the department store operator had a gain from the  sale of its credit card business, but the profit topped  forecasts as the retailer slashed costs.