UPDATE: Supervalu Swings To Q2 Profit

Supervalu

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.