New York, NY -- (ReleaseWire) -- 04/25/2013 -- SUPERVALU Inc. (NYSE:SVU) reported fourth quarter fiscal 2013 net sales of $3.89 billion and a net loss of $1.41 billion, or $6.65 per diluted share. Due to the sale of the Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies on March 21, 2013 (the “transaction”), their results are presented as discontinued operations for all periods.
Net loss from continuing operations for the fourth quarter of fiscal 2013 was $179 million, or $0.85 per diluted share, and included $149 million in after-tax charges, or $0.71 per diluted share, primarily related to non-cash asset impairment charges and employee severance.
SUPERVALU Inc. is one of the largest grocery wholesalers and retailers in the U.S. with annual sales of approximately $17 billion.
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MGIC Investment Corp. (NYSE:MTG) traded at $ 5.29 in the last session, which is +0.13 (2.52%). The stock has a Range of 5.08 - 5.31. The stock has a 52 week low and high of 0.66 - 6.19 respectively. The stock has a Market Cap of 1.07B. The stock traded a volume of 7.53M. The stock has a 30 day average volume of 17.26M.
MGIC Investment Corporation (MGIC) is a holding company and through wholly owned subsidiaries is a private mortgage insurer in the United States. As of December 31, 2012, its principal mortgage insurance subsidiaries, Mortgage Guaranty Insurance Corporation (MGIC) and MGIC Indemnity Corporation (MIC), were each licensed in all 50 states of the United States, the District of Columbia and Puerto Rico. During the year ending December 31, 2012, the Company wrote new insurance in each of those jurisdictions in MGIC and/or MIC.
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