Rite Aid, CVS Health down premarket following Walgreens fiscal Q3 results
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Drug store chains Rite Aid (NYSE:RAD) and CVS Health (NYSE:CVS) are down in premarket trading following the release of Walgreens Boots Alliance's (NASDAQ:WBA) fiscal Q3 financial results.
Walgreens (WBA) isÂ off ~2.8%Â while Rite Aid (RAD) isÂ down ~1.9%Â and CVS (CVS)Â down ~0.5%.
Although Walgreens (WBA) reported better-than-expected revenue and earnings, it was a hurt by a decline in FQ3 sales as a result of COVID-19 waning.