UPDATE: Supervalu Posts FQ3 Profit

Supervalu SVU posted a profit in the fiscal third quarter. Supervalu posted quarterly earnings of $16 million, or $0.08 per share, versus a year-ago loss of $750 million, or $3.54 per share. On an adjusted basis, Supervalu earned $0.03 per share. Its revenue surged to $7.91 billion, from $8.33 billion. However, analysts were expecting earnings of $0.06 per share on revenue of $7.92 billion. Supervalu shares closed at $3.04 yesterday.