Seeking Alpha

Safeway misses by $0.06, beats on revenue

  • Safeway (SWY): Q3 EPS of $0.10 misses by $0.06.
  • Revenue of $8.62B beats by $0.09B. Shares +4.53% AH. (PR)
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Comments (3)
  • Weighing Machine
    , contributor
    Comments (832) | Send Message
     
    The operating performance (margins) looked terrible! Why is it up? Post divestiture this looks to be trading at 11x EV/ EBIT. Seems 35% too high for a crappy business....
    10 Oct 2013, 04:34 PM Reply Like
  • StepUp
    , contributor
    Comments (519) | Send Message
     
    I assume this announcement was made after the market closed. Seems fishy to me.
    10 Oct 2013, 04:45 PM Reply Like
  • StepUp
    , contributor
    Comments (519) | Send Message
     
    yes - announced at 4:05pm today.
    10 Oct 2013, 04:46 PM Reply Like
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