Jean Coutu Q3 profit rises more than analyst estimates but revenue falls

LONGUEUIL, Que. – The Jean Coutu Group (PJC) Inc. (TSX:PJC.A) reports it had $62.5 million of net income in its fiscal third quarter, an increase from $56.2 million a year earlier and better than analyst estimates.

Coutu’s profit equalled 30 cents per share, up from 26 cents per share a year earlier.

That was two cents per share above analyst estimates.

However, the Quebec-based pharmacy chain’s revenue were below estimates, falling to $712.5 million from $716.6 million.

Jean Coutu was expected to earn 28 cents per share with $724.3 million of revenues during the third quarter of fiscal 2014, according to Thomson Reuters estimates.

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