Safeway Shares Rallying Despite Q3 Profit Miss, Lowered Outlook
October 11, 2013 at 09:10 AM EDT
Investors are bidding up shares of Safeway (NYSE: SWY ) in Thursday's post-market session despite quarterly results which seemed concerning and fiscal-year guidance which was lowered. The stock last traded at $33.65, up more than six percent from Thursday's close. Safeway's GAAP third-quarter net income totaled $65.8 million, down a
