Jean Coutu Q3 profit rises to $56.2 million, beating estimates; revenue $716.6M | iNFOnews

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Jean Coutu Q3 profit rises to $56.2 million, beating estimates; revenue $716.6M

January 10, 2013 - 4:22 AM

LONGUEUIL, Que. - Quebec's largest pharmacy retailer, Jean Coutu Group, is reporting stronger sales and a quarterly profit that beat analyst estimates by a penny per share.

The Montreal-area company (TSX:PJC.A) says its net profit was $56.2 million or 26 cents per share in the fiscal third quarter ended Dec. 1.

Its revenue for the period was $716.6 million, up $16.5 million from a year earlier — in line with analyst estimates compiled by Thomson Reuters.

Jean Coutu's net profit was up by $4.5 million from $51.2 million or 23 cents per share in the comparable period of 2011.

News from © The Canadian Press, 2013
The Canadian Press

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