Rite Aid Corp. RAD, -0.61% said Thursday it had net income of $767 million, or 73 cents a share, in the fourth quarter, after a loss of $21 million, or 2 cents a share, in the year-earlier period. The company's loss from continuing operations came to 46 cents a share, or adjusted EPS of 2 cents a share, compared with a FactSet consensus for a loss of 3 cents a share. The company completed the sale of 1,932 stores and related assets to Walgreens Boots Alliance Inc. WBA, +0.55% on March 27, booking an after-tax gain of $1.2 billion to $1.3 billion. It will transfer 3 distribution centers and related inventory after September 1. Rite Aid also entered a merger agreement with Albertsons Cos. to transform the drug store chain into a food, health and wellness chain. The loss from continuing operations was mostly due to a revaluation of deferred tax assets following the December tax revamp, and a goodwill impairment charge related to the company's pharmacy services segment. Revenue fell to $5.661 billion from $5.880 billion, but was ahead of the FactSet consensus of $5.571 billion. The company said it still expects to book a loss of $40 million to $95 million in fiscal 2019 and to generate sales of $21.7 billion to $22.1 billion. Shares fell 1.2% premarket and are down 64% in the last 12 months, while the S&P 500 SPX, -0.55% has gained about 13%.