UPDATE: Supervalu Swings To Q2 Profit
Supervalu (NYSE: SVU) swung to a profit in the second quarter.
Supervalu posted a quarterly profit of $40 million, or $0.15 per share, versus a year-ago loss of $111 million, or $0.52 per share. Its adjusted earnings came in at $0.13 per share.
Its revenue rose to $3.95 billion from $3.94 billion. However, analysts were projecting earnings of $0.10 per share on revenue of $3.88 billion.
Supervalu shares gained 5% to $8.82 in pre-market trading.
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