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Stock Market & Financial Investment News

News Breaks
April 10, 2014
11:23 EDTWAG, RAD, CVSRite Aid hits 52-week high after results, sales view top estimates
Shares of retail drugstore Rite Aid (RAD) are rallying after the company's fourth quarter results and fiscal 2015 revenue outlook topped analysts' consensus estimates. WHAT'S NEW: This morning, Rite Aid reported fourth quarter adjusted earnings per share of 10c and revenue of $6.6B, compared to expectations of 4c and $6.54B, respectively. Q4 same store sales increased 2.1%. Rite Aid forecast FY15 EPS of 31c-42c, compared to the consensus of 35c. FY15 revenue was seen at $26B-$26.5B, ahead of the consensus $25.75B. FY15 same-store sales are expected by the company to be up 2.5%-4.5%. WHAT'S NOTABLE: Rite Aid also announced it has acquired RediClinic, which currently operates 30 clinics in the greater Houston, Austin and San Antonio areas. Rite Aid CEO John Standley said, “Our recent acquisitions of Health Dialog and RediClinic, our expanded partnership with McKesson and our continued commitment to investing in our store base have positioned us to transition our strategy from turnaround to growth as we more aggressively pursue opportunities to become a growing retail healthcare company.” PRICE ACTION: In late morning trading, Rite Aid rose 71c, or about 11%, to $7.11 on more than twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $7.39. Including today's advance, the stock is up approximately 300% over the past twelve months. OTHERS TO WATCH: Other retail drugstore operators include Walgreen Company (WAG) and CVS Caremark (CVS).
News For RAD;WAG;CVS From The Last 14 Days
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February 9, 2016
08:35 EDTCVSCVS Health expects Medicare Part D to maintain market share position in 2016
08:34 EDTCVSCVS Health expects Target Pharmacy integration to be completed by end of summer
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08:33 EDTCVSCVS Health expects to complete majority of Omnicare integration by year end
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08:32 EDTCVSCVS Health added 500K net lives in 2016 for SilverScript
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06:55 EDTCVSCVS Health backs Q1 adjusted EPS view of $1.14-$1.17
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06:53 EDTCVSCVS Health reports Q4 pharmacy same store prescription volumes up 5%
06:53 EDTCVSCVS Health reports Q4 SSS up 3.5%
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06:52 EDTCVSCVS Health reports Q4 adjusted EPS $1.53, consensus $1.53
Reports Q4 revenue $41.15B, consensus $4.18B.
February 8, 2016
14:28 EDTCVSNotable companies reporting before tomorrow's open
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07:58 EDTCVSCVS Health volatility elevated into Q4 and outlook
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February 5, 2016
12:26 EDTRADOptions with increasing implied volatility
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February 4, 2016
09:16 EDTRADRite Aid shareholders approve merger with Walgreens Boots Alliance
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February 3, 2016
14:13 EDTRADRite Aid to host special shareholder meeting
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11:03 EDTRADOptions with increasing implied volatility: LC RAD CIEN ADSK BWLD
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09:32 EDTCVSCVS Health initiated with an Overweight at Atlantic Equities
Target $114.
February 2, 2016
10:39 EDTRADOptions with increasing implied volatility: LC RAD CIEN
09:56 EDTRADRite Aid's RediClinic, Aria Health announce alliance
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February 1, 2016
13:20 EDTCVSCVS Health to make overdose-reversing drug available without prescription in OH
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10:51 EDTCVSActive calls; INTC CVS TWTR APC BAC
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10:25 EDTRADWilliaOptions with increasing implied volatility: WMB ENDP RAD
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