Kroger Co, the biggest U.S. supermarket operator, reported a better-than-expected quarterly profit, helped by its acquisition of grocer Harris Teeter earlier this year. Shares of Kroger, which owns the Ralphs, Smith's and Food 4 Less chains, were up 4 percent at $49.25 in premarket trading.Kroger said net income attributable to the company rose to $501 million, or 98 cents per share, in the first quarter ended May 24 from $481 million, or 92 cents per share, a year earlier.Excluding items, the company earned $1.09 per share. Analysts on average had expected $1.05 per share, according to Thomson Reuters I/B/E/S.Total sales increased 9.9 percent to $32.96 billion.
The Kroger Co. is a retailer in the United States. Shares of KR traded higher by 0.81% or $0.38/share to $47.27. In the past year, the shares have traded as low as $32.83 and as high as $48.56. On average, 3361900 shares of KR exchange hands on a given day and today's volume is recorded at 3514336.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.36% or $0.13/share to $35.79. In the past year, the shares have traded as low as $31.38 and as high as $38.73. On average, 810229 shares of TRI exchange hands on a given day and today's volume is recorded at 549422.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.21% or $0.08/share to $38.83. In the past year, the shares have traded as low as $33.08 and as high as $42.10. On average, 684562 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 406965.
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