(RTTNews) - Supervalu Inc. (SVU) announced earnings for third quarter that fell from last year.
The company said its earnings fell to $14 million, or $0.05 per share. This was lower than $22 million, or $0.08 per share, in last year's third quarter.
Analysts had expected the company to earn $0.13 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 1.6% to $3.00 billion. This was down from $3.05 billion last year.
Supervalu Inc. earnings at a glance:
-Earnings (Q3): $14 Mln. vs. $22 Mln. last year.
-Earnings Decline (Y-o-Y): -36.4%
-EPS (Q3): $0.05 vs. $0.08 last year.
-EPS Decline (Y-o-Y): -37.5%
-Analysts Estimate: $0.13
-Revenue (Q3): $3.00 Bln vs. $3.05 Bln last year.
-Revenue Change (Y-o-Y): -1.6%