Rite Aid lowers financial projections for fiscal 2005
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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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Rite Aid offers slow sales and minuscule shareholder rewards. What's to love?
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Cardinal Health Inc., the second- biggest US drug distributor, reduced its fiscal 2005 forecast and said it will cut 4,200 jobs as opportunities for profiting from drug-price increases decline.
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Will increased market clout lead Rite Aid to new highs?
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Drugstore chain Rite Aid Corp.  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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The company revised its 2007 sales forecast lower for a third time this year because of price reductions and reduced orders.
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Rite Aid Corp. , the  third-largest U.S. drugstore chain, posted a smaller quarterly  loss on Thursday, aided by stronger sales of prescription  medications.
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Pharmaceutical distribution services provider AmerisourceBergen Corp. said on Wednesday lowered guidance for 2005 earnings from continuing operations, citing lower-than-expected drug price increases and fewer product deals from manufacturers.
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Rite Aid Corp. reported a second-quarter profit of $9.8 million on Thursday, citing better cash flows and a reduction in inventory expenses.
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Electronics retailer trims guidance as Americans curb spending.
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AmerisourceBergen Corp.  on Wednesday lowered its fiscal-year earnings forecast because of lower-than-expected drug price increases, fewer product deals from drug companies and fewer alternative sources of supply in the December quarter.
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Capital One Financial Corp , the largest independent U.S. credit card issuer, lowered its full-year profit forecast by 21 percent on Thursday, citing mounting consumer loan losses in a weakening economy and higher legal reserves.
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The company lowers its fourth-quarter and full-year earnings guidance.
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Rite Aid Corp. , the third-largest U.S. drugstore chain, posted a higher quarterly profit on Thursday as an income tax benefit and a gain on asset sales offset acquisition costs.
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MINNEAPOLIS, June 19 -- Best Buy, the nation's largest consumer electronics retailer, lowered its 2008 profit estimate Tuesday, blaming a softening economy that's steering shoppers away from high-margin items like flat-screen TVs.
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Airlines are slashing costs and planning to eliminate jobs, admitting that they expect to post weak results in the fourth quarter and see a bleak start to 2005.
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Whirlpool reported a 13 percent decline in quarterly earnings and cut its profit forecast for the year.