Kroger Shares Bounce Around Midday on Mixed Guidance By Investing.com

© Reuters.

Investing.com – Kroger (NYSE:) shareholders were given mixed signals on Thursday, as management lowered its third-quarter guidance, but said it expects an upswing in the fourth-quarter.

On a conference call, management said its three-year outlook for $400 million in incremental operating profit is no longer expected. The company said Q3 earnings per share are expected to be flat compared with a year ago, while the consensus estimate of analysts is $0.03 above the 2018 mark.

Kroger reported earnings per share of $0.44 on $28.2 billion in revenue, compared with the Investing.com consensus for EPS of $0.41 on $28.4 billion in revenue.

Shares bounced between positive and negative territories and were up 0.4% in midday trading.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.