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Loblaw Companies Q4 adjusted earnings of C$1.07 per share

Loblaw Companies (L.TO) reported a profit for its fourth quarter that advanced from the same period last year.

The company's bottom line came in at C$221 million, or C$0.59 per share. This compares with C$31 million, or C$0.08 per share, in last year's fourth quarter.

Excluding items, Loblaw Companies reported adjusted earnings of C$402 million or C$1.07 per share for the period.

The company's revenue for the quarter rose 2.0% to C$11.21 billion from C$10.99 billion last year.

Loblaw Companies earnings at a glance:

-Earnings (Q4): C$402 Mln. vs. C$436 Mln. last year.
-EPS (Q4): C$1.07 vs. C$1.12 last year.
-Revenue (Q4): C$11.21 Bln vs. C$10.99 Bln last year.

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