Kroger Results Mostly Weaker Than Estimates as Albertsons Deal Remains Uncertain

Kroger (KR) shares slipped Thursday after the grocery giant reported third-quarter results mostly below analysts' estimates. The company reported $33.63 billion in revenue, below the $34.22 billion expected by analysts polled by Visible Alpha. Net income came in at $618 million, beneath the $659.3 million projection. After stripping out one-time charges like costs related to the chain's proposed merger with Albertsons (ACI), Kroger's adjusted earnings per share (EPS) of $0.98 came in a penny above estimate ...