Albertsons raises full-year guidance

Albertsons Cos. Inc. shares rose 2.8% in Thursday premarket trading after the grocer reported fiscal first-quarter earnings that beat expectations and raised its guidance. Net income totaled $444.8 million, or 78 cents per share, down from $586.2 million, or $1.00 per share, last year. Adjusted EPS of 89 cents beat the FactSet consensus for 71 cents. Revenue of $21.27 billion was down from $22.75 billion but ahead of the FactSet consensus for $20.52 billion. Identical sales fell 10.5%, beating t

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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