1 Winner and 2 Losers from This Week’s Earnings Storm
Safeway Inc. (NYSE:SWY) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Adjusted Earnings Per Share increased 16.67% to $0.35 in the quarter versus EPS of $0.30 in the year-earlier quarter. Revenue Decreased 0.09% to $9.99 billion from the year-earlier quarter.
Safeway Inc. reported adjusted EPS income of $0.35 per share. By that measure, the company missed the mean analyst estimate of $0.36. It missed the average revenue estimate of $10.14 billion.