|
|
Article: Mixed third quarter a boon for A&P stock
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- January 9, 2009
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
KEVIN G. DeMARRAIS, STAFF WRITER
The Record (Bergen County, NJ)
01-09-2009
Mixed third quarter a boon for A&P stock
By KEVIN G. DeMARRAIS, STAFF WRITER
Date: 01-09-2009, Friday
Section: BUSINESS
Edtion: All Editions
Stock in the Great Atlantic & Pacific Tea Co. rose by almost 25 percent Thursday after the Montvale-based supermarket chain reported mixed results for the third quarter.
For the period ended Nov. 29, the operator of the A&P, Pathmark and Food Basics chains reported a loss of $13.6 million, or $1.61 a share, compared with a profit of $57.3 million, or $1.35 per share, a year earlier. The prior years results included a gain of $106.1 million from the sale of its Metro ...