FILE - In this April 12, 2011 file photo, grocery carts are stacked outside the Save-a-Lot grocery store in Northfield, Ohio. The supermarket operator also cut the high end of its fiscal 2012 earnings outlook on Wednesday, Oct. 19, 2011. (AP Photo/Amy Sancetta, File)
FILE - In this April 12, 2011 file photo, grocery carts are stacked outside the Save-a-Lot grocery store in Northfield, Ohio. The supermarket operator also cut the high end of its fiscal 2012 earnings outlook on Wednesday, Oct. 19, 2011. (AP Photo/Amy Sancetta, File)
MINNEAPOLIS (AP) ? SuperValu Inc. returned to a profit in its fiscal second quarter, absent hefty goodwill and impairment charges incurred a year earlier.
The supermarket operator's results beat Wall Street estimates but it cut the high end of its fiscal 2012 earnings outlook on Wednesday.
SuperValu, which runs SuperValu, Jewel-Osco, Albertsons and other supermarket chains, reported net income of $60 million, or 28 cents per share, for the period ended Sept. 10. That compares with a loss of $1.47 billion, or $6.94 per share, a year ago.
The performance topped the 20 cents per share analysts expected.
Revenue dropped 3 percent to $8.43 billion from $8.66 billion, but still beat Wall Street's estimate of $8.36 billion.
Its stock rose 27 cents, or 3.3 percent, to $8.44 in premarket trading.
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