Rite Aid loses $960 million due to tax charge
HARRISBURG, Pa. (AP) -April 10, 2008 The nation's third-largest drugstore chain said Thursday that
the fourth-quarter loss amounts to $1.20 per share for the three
months ending March 1. It earned $7.1 million, or a penny a share,
a year ago.
Not counting the income tax charge, the Camp Hill, Pa.-based
company said it would have lost $65.5 million, or 8 cents a share.
in the latest period.
Revenues rose 50 percent to $6.82 billion, primarily due to last
year's acquisition of 1,850 Brooks and Eckerd stores. Analysts
expected slightly higher revenue of $6.87 billion.
