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 same period last year. The company reported quarterly sales of $15.270 billion which beat the analyst consensus estimate of $15.069 billion by 1.33 percent. This is a 4.08 percent increase over sales of $14.672 billion the same period last year.