NEW YORK (TheStreet) -- Shares of Rite Aid (RAD) were flat Tuesday after Walgreen (WAG) announced fourth-quarter earnings that met analysts' expectations but noted ongoing pressure on pharmacy margins.
Walgreen reported adjusted earnings per share of 74 cents, which matched the consensus estimate, on revenue of $19.06 billion, which edged analysts' estimates of $19.02 billion.
Customer traffic in comparable stores declined 2.2% but total comparable-store sales rose 5.4% in the fourth quarter.
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Separately, TheStreet Ratings team rates RITE AID CORP as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate RITE AID CORP (RAD) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including relatively poor performance when compared with the S&P 500 during the past year and poor profit margins."
- You can view the full analysis from the report here: RAD Ratings Report