CAMP HILL, Pa. (AP) — Rite Aid Corp. has lowered its earnings expectations for fiscal 2015 after the drugstore chain experienced higher-than-expected drug costs and reimbursement rate reductions in its recently concluded quarter.
The Camp Hill, Pennsylvania, company’s stock skidded Thursday morning before markets opened and after it announced the change.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.