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Supervalu (SVU) Stock Higher, Q2 Earnings Meet Expectations

NEW YORK (TheStreet) -- Shares of Supervalu (SVU) were up in pre-market trading on Wednesday after the company reported in-line earnings for the 2017 fiscal second quarter.

Before the opening bell, the Eden Prairie, MN-based grocery wholesale distributor posted adjusted earnings of 10 cents per share, which met analysts' estimates.

Revenue declined 4.8% year-over-year to $3.87 billion and missed Wall Street's projections of $3.95 billion.

The lower-than-expected revenue was due to weaker sales at the company's Save-A-Lot discount grocery...


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