RiteAid (NYSE:RAD) is seeing an increase in RAD stock on Thursday following the release of the pharmacy company’s earnings report for the third quarter of fiscal 2021.

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Here’s what investors in RAD stock need to know about its most recent earnings report.

• Adjusted earnings per share for the quarter come in at 40 cents.
• That easily beats out Wall Street’s adjusted losses per share estimate of 5 cents for the period.
• However, it’s down 29.5% from the 54 cents reported during the third quarter of fiscal 2020.
• Revenue is sitting at 6.12 billion during the fiscal third quarter of 2021.
• That has the company’s revenue coming in above analysts’ estimates of $5.84 billion.
• It’s also a 12.1% increase over the $5.46 billion reported in fiscal Q3 2020.
• RiteAid earnings also have net income coming in at $4.32 million.
  

• That’s a 91.7% decline compared to its $52.29 million reported during the same period of the year prior.
• RAD contributes the decline to “a $55.7 million gain on debt retirements in the prior year and a decrease in Adjusted EBITDA.”
• The RiteAid earnings report also has it providing an outlook for fiscal 2021.
• That includes adjusted EPS ranging from 45 cents to 85 cents.
• That’s looking great next to Wall Street’s adjusted losses per share estimate of 9 cents for the fiscal year.
• The company’s revenue guidance for the same period is between $23.9 billion and $24.2 billion.
• If that holds true, it will also have the company beating out analysts’ revenue estimate of $23.76 billion for fiscal 2021.

RAD stock was up 22.3% as of Thursday morning.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.