The Traderszone Network

Published in TZ Latest News 20 June, 2016 by The TZ Newswire Staff

Why Rite Aid Missed on Its First-Quarter Results

Shares of Rite Aid (NYSE: RAD) were trading sideways in the wake of the company’s release of first quarter results. Both revenue and net income were below analysts’ expectations, yet investors don’t seem to be fazed by the shortfalls.  That could have something to do with the top line growth rate.