Drugstore chain operator Rite Aid Corp. (NYSE:RAD) posted a net loss of approximately $161.3 million in the fourth quarter of fiscal 2012, marking an improvement from a loss of $205.7 million in the year-ago period.
The quarterly adjusted loss per share came in at 4 cents, which not only improved from the prior-year loss of 24 cents, but also outpaced the Zacks Consensus Estimate loss of 12 cents a share. Growth in same-store sales and reduced selling, general & administrative (SG&A) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards