Rite Aid Posts Smaller Loss
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The drugstore chain said its quarterly loss narrowed as a result of an income tax benefit and increased sales of generic drugs.
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The drug store chain Rite Aid said Thursday that its second-quarter loss widened sharply, and it warned that it expected to lose more than it had forecast for the year.
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Contract electronics manufacturer Solectron Corp. on Tuesday posted a narrower quarterly loss, helped by a 23 percent rise in revenue but issued a forecast at the low end
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Qwest Communications International  Inc. Q.N on Tuesday reported a smaller quarterly loss as it  cut costs in its long-distance business.
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Circuit City Stores Inc. CC.N, on  Friday reported a smaller quarterly loss as it kept a tight  rein on expenses and demand increased for digital televisions,  notebook computers and other popular products.
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Drugstore chain Rite Aid Corp. RAD.N  on Tuesday warned that full-year profit and revenue would fall  short of Wall Street expectations because of slowing pharmacy  sales as companies try to curb health-care costs.
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Rite-Aid steers guidance lower after a difficult November.
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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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Swiss International Air Lines reported a narrower loss for 2004 on Wednesday.
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CHICAGO (CBS.MW) -- Shares of Rite Aid were hurting pretty good early Tuesday, falling about 5 percent after the drugstore chain warned that weak sales trends could bring its fiscal 2005 numbers in well below previous hopes.
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Toys R Us Inc., the nation's second biggest toy retailer, reported a narrower third-quarter loss as a gain on the sale of Kids R Us stores boosted results despite a sales decline.
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Dillard's Inc. DDS.N on Wednesday  reported a narrower quarterly loss as it cut costs, but a drop  in same-store sales caused the latest results to miss Wall  Street's estimates by a wide margin.
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Circuit City Stores Inc. reported a smaller-than-expected loss in the third quarter on store efficiencies and higher extended-warranty sales, but the retailer's top executive said holiday sales have been slower than expected so far.
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Sports Authority Inc. , the largest U.S. sporting goods chain, on Tuesday posted a smaller quarterly loss due in part to lower costs related to its merger last year with Gart Sports.
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Circuit City Stores Inc.  on Friday reported a narrower quarterly loss from continuing operations as sales of higher-margin warranties and improved distribution helped offset weak merchandise sales.
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The Times newspaper reports that Littlewoods Shop Direct Group has reduced its losses after selling its high street stores.  Pre-tax losses improved to GBP17.3 million in the year to April 2006, compared to a GBP55.5 million loss in the year to April 2005.
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Circuit City Stores Inc. CC.N on  Friday reported a narrower quarterly loss as it kept a tight  rein on expenses and sales of digital televisions and notebook  computers rose, sending its stock up 4 percent.