Rite Aid Posts Better-Than-Expected Same-Store Sales; Merger With Walgreens Pending

Rite Aid (RAD) - Get Report shares are up Thursday after posting second quarter earnings of $0.03 a share, a penny ahead of forecasts. Revenue of $8 billion missed Wall Street's expectations of $8.2 billion. Comparable store sales rose 2.5% year-over-year, eclipsing estimates. The company's merger with Walgreens Boots Alliance (WBA) - Get Report is pending and is set to close this year. TheStreet's Scott Gamm reports from Wall Street.