UPDATE: Supervalu Posts FQ3 Profit
Supervalu (NYSE: 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.
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