Empire Company Limited Q3 Profit Increases, but misses estimates

Empire Company Limited (EMP_A.TO) announced earnings for its third quarter that increased from last year but missed the Street estimates.

The company's earnings came in at C$134.2 million, or C$0.54 per share. This compares with C$125.7 million, or C$0.49 per share, in last year's third quarter.

Excluding items, Empire Company Limited reported adjusted earnings of C$153.1 million or C$0.62 per share for the period.

Analysts on average had expected the company to earn C$0.64 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.1% to C$7.494 billion from C$7.489 billion last year.

Empire Company Limited earnings at a glance (GAAP) :

-Earnings (Q3): C$134.2 Mln. vs. C$125.7 Mln. last year.
-EPS (Q3): C$0.54 vs. C$0.49 last year.
-Revenue (Q3): C$7.494 Bln vs. C$7.489 Bln last year.

by RTTNews Staff Writer

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