On Wednesday, Rite Aid [(NYSE:RAD)](https://investorplace.com/stock-quotes/rad-stock-quote/) registered significant gains, with the Phamarcay chain posting results of its most recent quarterly earning revealing revenues higher than analysts had expected.

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According to Rite Aid, it brought in roughly $214.4 million net income in its [first quarter of fiscal 2019](https://finance.yahoo.com/news/rite-aid-stock-rises-company-221223772.html#). That marked an improvement over what was a loss a year ago of the same period. The retail giant further however also revealed that it collected roughly 20 cents per share in a profit for the period. On an adjusted basis, this is a loss of about a penny for every share.
That adjusted loss, suffice to add, was consistent to Wall Street consensus estimate that stood at a penny for every given share.
Reporting of its revenue for the 1st quarter of this fiscal year, Rite Aid posted a massive $5.39 billion. That was more than the $5.32 billion analysts had projected in the consensus guidance. The company overall foresee sees its earnings for the full year to be between 2 cents and 6 cents per share, against a revenue in the range of between $21.7 billion and $22.1 billion.

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The firm equally announced plans to sell the [first pharmaceutical drug created with the cannabis plant](https://finance.yahoo.com/news/rite-aid-stock-rises-company-221223772.html#) so as to help people who are afflicted by several health conditions, say by pain as well as seizures.
Finally, RAD stock increased to about 0.8% during the regular hours of trading ahead of its earnings results this quarter. It then gained by more than 2.5% soon as the bell as the firm reported some really strong results. https://steemitimages.com/0x0/https://hss3h35b565tn8dj-zippykid.netdna-ssl.com/wp-content/uploads/2018/02/png-divider-lines-divider-line-png-2665.png **Disclaimer:** I am not any kind of financial adviser, and i do not work/write for any organization/company. These are only my thoughts compiled following my own research. You can share your own in the comments!
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