Investing.com - Kroger (NYSE:KR) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kroger announced earnings per share of $1.22 on revenue of $41.55B. Analysts polled by Investing.com anticipated EPS of $1.07 on revenue of $40.43B.
Kroger shares are up 13% from the beginning of the year and are trading at $32.50 , down-from-52-week-high.They are outperforming the S&P 500 which is down 3.63% year to date.
Kroger shares lost 0.94% 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 Friday, May 22, 2020, who reported EPS of $9.2 on revenue of $114.31B, compared to forecasts EPS of $6.05 on revenue of $107.45B.
Costco had missed expectations on Thursday, May 28, 2020 with second quarter EPS of $1.89 on revenue of $37.27B, compared to forecast for EPS of $1.93 on revenue of $37,081M.
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