CORRECTION: Loblaw Companies Q2 Adj. EPS $0.62 Misses $0.65 Estimate, Sales $15.270B Beat $15.069B Estimate
Loblaw Companies (TSX:L) reported quarterly earnings of $0.62 per share which missed the analyst consensus estimate of $0.65 by 4.62 percent. This is a 3.33 percent increase over earnings of $0.60 per share from the
Loblaw made more money from selling stuff than people expected, but didn't make as much profit per share as experts thought it would. When a company sells more but profits less, it means they might be spending more money to do business.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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