george weston ltd on tuesday reported a rise in profit in the third quarter beating expectations benefiting from fair value adjustments in the period for three months ended oct 8 the canadian foodprocessing and distribution company reported net earnings from continuing operations of 903 million canadian dollars us6713 million or c614 a share compared with c252 million or c158 a year ago adjusted earnings per share rose to c312 according to factset analysts were expecting c285 a share weston credits a favorable yearoveryear effect of adjusting items amounting to c563 million in particular from the effects of fair value adjustments revenue rose to c1752 billion from c1619 billion in line with analyst expectations the company benefited from a strong performance from its food and pharmacy retailer segment loblaw cos ltd in which it has a controlling interest of 525 meanwhile its choice property unit saw a slight decline in revenue to c309 million from c316 million a year ago