Elon Musk's Favorite A.I. Stock?
Forget Nvidia, Microsoft or Google. Our tech expert and venture capitalist Luke Lango believes this is Elon Musk's favorite A.I. stock. Why? Because this company is supplying Elon Musk with a key piece of advanced tech for his new A.I. venture.
Financials
| Curr Year EPS Estimate | 0.49 |
| Profit Margin | -0.02 |
| Return on Assets | 0.02 |
| Return on Equity | -0.52 |
| Revenue | 23,853,625,344 |
| Earnings Per Share | -7.42 |
| Revenue Per Share | 445.37 |
| Gross Profit | 4,726,758,000 |
| Quarterly Revenue Growth | 0.12 |
General
| Name | Rite Aid Corporation |
| Ticker | RAD |
| Exchange | NYSE |
| Sector | Healthcare |
| Industry | Pharmaceutical Retailers |
| Currency | USD |
| Country | USA |
| Fiscal Year End | February |
| Full Time Employees | 29,840 |
About Rite Aid Corporation
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment sells prescription drugs and an assortment of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products. It also operates retail clinics that provide treatment for common conditions; and provides preventative services, such as screenings, medical tests, immunizations, and basic physical exams. In addition, this segment offers healthcare coaching and disease management services. The Pharmacy Services segment provides pharmacy benefit management (PBM) services and a range of pharmacy-related services. This segment also performs prescription adjudication services for other PBMs; and offers integrated mail-order and specialty pharmacy services, as well as drug benefits under the federal government's Medicare Part D program. As of April 21, 2020, the company operated approximately 2,400 retail pharmacy locations in 18 states. Rite Aid Corporation was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.
Earnings
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