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Safeway Inc. (SWY) Is Challenging The Highs Of The Year After Q4 Report

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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.

Safeway gapped open sharply higher Thursday morning and is now up 1.89 at $36.50 on above average volume. The stock is now challenging the highs of the year, trading at a 4-month high.

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by RTT Staff Writer

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