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What to Watch Thursday: Rite Aid Earnings, Updates on Walgreens Deal

For Thursday December 17, TheStreet awaits quarterly results from General Mills (GIS), Rite Aid (RAD) and Red Hat (RHT).
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For Thursday December 17, TheStreet awaits quarterly results from General Mills (GIS), Rite Aid (RAD) and Red Hat (RHT). When Rite Aid releases its third quarter fiscal 2016 financial results, analysts are calling for earnings of $0.06 a share on revenue of over $8 billion. Year over year, earnings are expected drop but sales are projected to be higher. Additionally, there are two important economic reports to pay attention to. At 8:30 a.m. Eastern, we get jobless claims and the Philadelphia Fed business outlook survey. TheStreet's U-Jin Lee reports from Wall Street.

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