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Loblaw Companies Q3 adjusted earnings Beat Estimates

Loblaw Companies (L.TO) released earnings for third quarter that fell from the same period last year.

The company's profit totaled C$106 million, or C$0.28 per share. This compares with C$883 million, or C$2.24 per share, in last year's third quarter.

Excluding items, Loblaw Companies reported adjusted earnings of C$562 million or C$1.49 per share for the period.

Analysts had expected the company to earn C$1.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.8% to C$14.45 billion from C$14.19 billion last year.

Loblaw Companies earnings at a glance:

-Earnings (Q3): C$562 Mln. vs. C$549 Mln. last year.
-EPS (Q3): C$1.49 vs. C$1.39 last year.
-Analysts Estimate: C$1.44
-Revenue (Q3): C$14.45 Bln vs. C$14.19 Bln last year.

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