the republic logo

SuperValu posts 3Q profit, results top Wall Street forecasts

bug
Share/Save/Bookmark

EDEN PRAIRIE, Minnesota — SuperValu Inc. (SVU) on Wednesday reported fiscal third-quarter profit more than doubled to $79 million.

On a per-share basis, the Eden Prairie, Minnesota-based company said it had profit of 30 cents. Earnings, adjusted to account for discontinued operations, were 18 cents per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The grocery store operator posted revenue of $4.2 billion in the period, which also beat Street forecasts. Analysts expected $4.05 billion, according to Zacks.

SuperValu shares have dropped slightly more than 5 percent since the beginning of the year. The stock has risen 33 percent in the last 12 months.

_____

This story was generated by Automated Insights using data from Zacks Investment Research. SVU stock research report from Zacks.

_____

Keywords:SuperValu,Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.