12:08 PM EST - Loblaw Cos. : reported Thursday a second-quarter profit of $119 million, dropping 38.7 percent from a year-earlier $194 million as it continued to take charges associated with a major restructuring. That amounted to 43 cents a share on a diluted basis, versus year-earlier net earnings of 71 cents per share. Analysts polled by Thomson Financial had looked on average for earnings of 59 cents per share. Loblaw Cos.
shares T.L are trading up 7 cents at $50.98.
