Rite Aid (RAD - Get Report) shares closed trading up 6.57% to $3.97 Tuesday after the company reported a break even fourth quarter that beat analysts' net loss expectations of four cents per share. Revenue of $8.54 billion topped Wall Street's $8.27 billion expectations.
Rite Aid's pending merger with Walgreens Boots Alliance (WBA - Get Report) is having a negative impact on the company's bottom line, CEO John Standley said, as the two companies approach their self-imposed July 31 deadline to complete their merger.
Rite Aid shares are down more than 57% year to date.
Editor's note: story has been updated since 9:38 am EST.