Tuesday, September 15, 2009

Intraday action

AlphaNinja - Stocks are still up slightly. Among today's losers is Kroger (KR), operator of over 2400 supermarkets, as they see continued pricing pressure and the "trade-down" choices made by consumers.

"Kroger now expects full-year fiscal 2009 earnings of $1.90 to $2.00 per diluted share. This reduced guidance reflects changes in customer behavior and other factors related to the economic environment that Kroger expects to influence its business for the remainder of the year."

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