Rite Aid loses $960 million due to tax charge

HARRISBURG, Pa. (AP) -April 10, 2008 The nation's third-largest drugstore chain said Thursday that the fourth-quarter loss amounts to $1.20 per share for the three months ending March 1. It earned $7.1 million, or a penny a share, a year ago.

Not counting the income tax charge, the Camp Hill, Pa.-based company said it would have lost $65.5 million, or 8 cents a share. in the latest period.

Revenues rose 50 percent to $6.82 billion, primarily due to last year's acquisition of 1,850 Brooks and Eckerd stores. Analysts expected slightly higher revenue of $6.87 billion.
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