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 $1.19 on revenue of $41.30B. Analysts polled by Investing.com anticipated EPS of $0.9819 on revenue of $39.56B.
Kroger shares are up 18% from the beginning of the year and are trading at $37.50 , down-from-52-week-high.They are outperforming the S&P 500 which is up 12.45% from the start of the year.
Kroger shares lost 0.13% in pre-market trade the report.
Kroger follows other major Services sector earnings this month
Kroger's report follows an earnings beat by Costco on May 27, who reported EPS of $2.75 on revenue of $45.28B, compared to forecasts EPS of $2.32 on revenue of $43.65B.
Pinduoduo had beat expectations on May 26 with first quarter EPS of $-2.33 on revenue of $22.17B, compared to forecast for EPS of $-2.46 on revenue of $19.82B.
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