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Supervalu Shares Rise on Earnings Outlook

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  • Description

    FBN's Sandra Smith breaks down late-morning market news.

  • Duration 1:04
  • Date

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I'm -- Smith with your Fox Business three stocks are reacting to disappointing news about US economy right now the Dow is.

-- to its lows of the session now down 93 points at 121035.

On the flip side shares of Supervalu are jumping -- the company's better than expected outlook for the year fourth quarter earnings -- the supermarket operator also beat forecasts.

However revenue did fall short of analysts' estimates.

For us Supervalu could brands include Albertson's and save a lot has struggled to cut costs -- -- to remain competitive.

And Sony shares are plunging on news of a larger than expected annual loss.

The electronics maker now expects to post a record loss of six point four billion dollars for the fiscal year that just -- that more than doubled its previous forecast.

The wider loss projections stems from tax charge from Sony -- in the US.

And that is the latest from the Fox Business that we're giving you the power -- prospect.

This business reconstruction Biden just from an -- -- how to stop this corporate greed is a.

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