CINCINNATI (AP) — CINCINNATI (AP) — Kroger Co. (KR) on Thursday reported a loss of $1.32 billion in its fiscal third quarter.
The Cincinnati-based company said it had a loss of $2.02 per share. Earnings, adjusted for one-time gains and costs, came to $1.05 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The supermarket chain posted revenue of $33.86 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $34.29 billion.
Kroger expects full-year earnings to be $4.75 to $4.80 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KR at https://www.zacks.com/ap/KR
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