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Kroger Co. Q4 adjusted earnings Beat Estimates

Kroger Co. (KR) reported a profit for its fourth quarter that increased from last year.

The company's profit totaled $327 million, or $0.40 per share. This compares with $259 million, or $0.32 per share, in last year's fourth quarter.

Excluding items, Kroger Co. reported adjusted earnings of $462 million or $0.57 per share for the period.

Analysts had expected the company to earn $0.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.1% to $28.89 billion from $28.29 billion last year.

Kroger Co. earnings at a glance:

-Earnings (Q4): $462 Mln. vs. $390 Mln. last year.
-EPS (Q4): $0.57 vs. $0.48 last year.
-Analysts Estimate: $0.55
-Revenue (Q4): $28.89 Bln vs. $28.29 Bln last year.

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