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SUPERVALU (SVU) Stock Tanks on Earnings Miss

NEW YORK (TheStreet) -- Shares of SUPERVALU (SVU - Get Report) are down by 6.87% to $6.72 in mid-morning trading on Wednesday, following the release of the company's second quarter earnings results.

The Eden Prairie, MN-based wholesale retail distributor reported third quarter profits of $31 million, or 13 cents per share versus analysts' 14 cents per share expectations for the quarter.

Revenue for the period fell 0.5% year over year to $4.06 billion versus analysts' $4.12 billion guidance.