Kroger Falls Despite Q4 Beat

Kroger Co KR shares are trading lower by $1.23 at $30.84 in Thursday's session.

Despite a Q4 EPS beat of a penny along with a revenue beat of $300 million, the Street is attempting to digest its lower Q1 guidance ($0.55-$0.59), which may not compare with $0.70 estimates.

After a lower open, Kroger's stock bottomed in the first few minutes of the session at $30.26 and began to move higher. That low matches its October 19 low of $30.26.

The rebound off that depressed level has taken the issue to $31.38, which is just shy of the lower end of Wednesday's range ($31.68). Since making that high, the issue has been struggling to remain in the $31.00 handle.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!