10:09 AM EST - Loblaw Cos. Ltd. : which reported higher third quarter profits on Thursday, lowered its earnings per share outlook for 2006 and said it will close 19 stores as it continued to suffer from supply-chain glitches amid an ambitious restructuring plan. The company said it earned $203 million, or 74 cents a share in the third quarter. That is up from $192 million, or 70 cents a year earlier. Adjusted basic net earnings per common share for the quarter was 90 cents compared to 92 cents a year earlier. On average, analysts had expected the company to earn 87 cents a share before exceptional items. Loblaw Cos. Ltd.
shares T.L are trading up 1.02 at $45.94.
