Rite Aid Posts Profit, Reaffirms Outlook
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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 expenses.
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Drugstore chain Rite Aid Corp. RAD.N  on Tuesday warned that full-year profit and revenue would fall  short of expectations as it loses pharmacy sales to mail-order  rivals, sending its shares down 16 percent.
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The company Friday said it expected to post a profit in the third quarter, thanks to Improved pricing and product mix and higher unit volume, reversing a year-ago loss.
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Nordstrom Inc.  on Tuesday posted a 34 percent rise in its quarterly profit, helped by a better-than-expected increase in same-store sales as the upscale department store chain focused on keeping a lid on expenses.
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Rite Aid offers slow sales and minuscule shareholder rewards. What's to love?
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CVS Corp. , the No. 2 U.S. drugstore chain, posted higher quarterly profit on Thursday, driven by strong sales of prescription medications.
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Rite Aid Corp , the No. 3 U.S. drugstore chain, reported a wider-than-expected quarterly loss on Thursday, and cut its full-year outlook citing current sales trends, pushing its shares down nearly 5 percent in premarket trading.
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Procter & Gamble Co.  on Thursday backed its quarterly profit outlook, helped by sales of new products and continued gains in developing markets.
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Nike Inc.  posted higher fourth-quarter net profit on Tuesday, beating Wall Street estimates and sending shares up 4 percent in extended trade, as strong sales of Nike-branded footwear helped offset overall challenges in the U.S. athletic shoe market.
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Circuit City Stores Inc. on Monday  posted a quarterly profit compared with a loss a year earlier,  boosted by strong sales of high-ticket items like flat-panel  televisions and digital music players.
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Target, the No. 2 discount chain behind Wal-Mart Stores, said profit rose to $651 million, or 75 cents a share, from $554 million, or 63 cents a share, a year earlier.
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Pharmacy chain operator Rite Aid Corp. (RAD.N: Quote, Profile, Research) on Thursday posted a quarterly loss, compared with a profit in the same year-earlier quarter, and cut its full-year outlook, citing worse-than-expected sales.
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The Auburn Hills-based Chrysler Group made a profit of $269 million in the third quarter, even though worldwide sales and revenues declined, contributing to a $1.
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Germany&#39;s Bayer has reported second-quarter profit that has beaten average forecasts thanks to a strong showing at agrochemicals, chemicals and polymers.
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Merrill Lynch & Co. Inc.  said on Tuesday second-quarter net earnings surged 31 percent on strong investment banking results, helping the company shrug off concerns that subprime mortgage-related activities would be a spoiler.
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Retailer Payless ShoeSource Inc.  on Friday posted a quarterly profit, as lower advertising and payroll expenses and other cost savings offset decreased sales.
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Target Corp.  reported higher quarterly profit on Tuesday, beating estimates on strong holiday season sales and growth in its credit card business, though the stock fell more than 3 percent amid a broad market sell-off.