Albertsons Companies, Inc. Q3 Profit Increases, beats estimates

Albertsons Companies, Inc. (ACI) released a profit for its third quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $424.5 million, or $0.74 per share. This compares with $123.7 million, or $0.20 per share, in last year's third quarter.

Excluding items, Albertsons Companies, Inc. reported adjusted earnings of $457.2 million or $0.79 per share for the period.

Analysts on average had expected the company to earn $0.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.4% to $16.7 billion from $15.4 billion last year.

Albertsons Companies, Inc. earnings at a glance:

-Earnings (Q3): $424.5 Mln. vs. $123.7 Mln. last year.
-EPS (Q3): $0.74 vs. $0.20 last year.
-Analyst Estimate: $0.59
-Revenue (Q3): $16.7 Bln vs. $15.4 Bln last year.

Full year EPS guidance: $2.90 - $2.95

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