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Safeway Inc. (SWY) Is Rising On Better Than Expected Q4 Profit

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Safeway Inc. (SWY: Quote) reported fourth quarter adjusted EPS of $0.53 after the close Wednesday, which exceeded the consensus estimate of $0.48. Looking ahead to the fiscal 2014, the company currently projects adjusted EPS of $1.15 to $1.35. Analysts expect EPS of $1.69. The stock is now up 1.40 on 720K shares.

Safeway broke out of Wednesday's range around mid-afternoon and finished with a gain of 0.51 at $34.61 on the highest volume in 3 months. The stock climbed to a 2 1/2 month high.

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by RTT Staff Writer

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