September 11, 2009 / 12:11 PM / 9 years ago

UPDATE 1-Empire Co posts higher quarterly results

*EPS C$1.05 vs consensus C$1.06

*Revenue rises 5.3 percent to C$3.91 bln

TORONTO, Sept 11 (Reuters) - Empire Co Ltd (EMPa.TO) reported a higher but slightly less-than-expected, quarterly profit on Friday, underpinned by gains at its core Sobeys supermarket unit, Canada’s No. 2 grocery chain.

Empire said it earned C$89.7 million, or C$1.31 a share, in its first quarter, up from C$75.7 million, or C$1.15, in the same period last year.

Excluding items, the company earned C$72.2 million, or C$1.05 per share, compared with C$70.9 million C$1.08 per share a year earlier. Revenue rose 5.3 percent to C$3.91 billion.

Analysts, on average, were expecting earnings of C$1.06 a share and revenue of C$3.92 billion, according to Reuters Estimates.

$1=$1.08 Canadian Reporting by Scott Anderson

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below