Investing.com - Kroger (NYSE:KR) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Kroger announced earnings per share of $0.71 on revenue of $29.72B. Analysts polled by Investing.com anticipated EPS of $0.6631 on revenue of $29.9B.
Kroger shares are up 11% from the beginning of the year and are trading at $30.89 , down-from-52-week-high.They are under-performing the S&P 500 which is up 13.56% from the start of the year.
Kroger shares lost 4.34% in pre-market trade after the report.
Kroger follows other major Services sector earnings this month
Kroger's report follows an earnings beat by Alibaba ADR on Thursday, November 5, 2020, who reported EPS of $18 on revenue of $155.06B, compared to forecasts EPS of $13.82 on revenue of $154.87B.
Walmart had beat expectations on Tuesday, November 17, 2020 with third quarter EPS of $1.34 on revenue of $134.7B, compared to forecast for EPS of $1.18 on revenue of $132.12B.
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