Kroger (KR) Tops Q1 EPS by 1c; Adj. Comps Lighter than Expected
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RBC Capital Remains Sidelined on Kroger (KR) Following 1Q Earnings Report
June 17, 2016 7:02 AM EDTRBC Capital reiterated a Sector Perform rating and $39.00 price target on Kroger (NYSE: KR) following the company's 1Q earnings report. Kroger reported an adjusted EPS of $0.70, narrowly beating the consensus estimate of $0.69. Revenue also ahead of consensus at $34.60bn vs. $34.89bn.
Analyst William... More
Wall Street rebounds, snaps five-day losing streak
June 16, 2016 7:36 AM EDTBy Lewis Krauskopf
(Reuters) - Wall Street closed higher on Thursday as investors digested the implications of a British lawmaker's death on the country's impending referendum on whether to leave the European Union.
The benchmark S&P 500 index snapped a five-day losing streak, after erasing sharp losses earlier in the session.
A British Member of Parliament was shot dead in the street in northern England, causing the temporary suspension of campaigning for next week's referendum on EU membership. The lawmaker, Jo Cox, had been a vocal supporter of Britain remaining in the European Union.
The... More
