FDO, SWY looking a bit stronger after beats by 1 cent. (what a day for a good earnings report FDO,SWY!) KEA looks great, rebounding, PSFT, NICEY all looking good. Hard to believe any NASDAQ stock up today.
Safeway says net income rises 29 percent
PLEASANTON, Calif., Oct 1 (Reuters) - Safeway Inc. (NYSE:SWY - news), the nation's third largest supermarket chain, on Thursday reported a 29 percent increase in third-quarter profits and said it plans to spend about $1.5 billion on new stores and remodeling between now and the end of 1999.
The food and drug retailer, which has nearly 1,400 stores in the western United States and Canada, said it posted quarterly net earnings of $193.7 million, or 38 cents per diluted share, up from $150 million, or 30 cents a share, in the same period a year earlier. It beat analysts estimates by a penny. |
