3 Company Earnings You Must Know for Investing and Trading

Kroger Co. (NYSE:KR): The Kroger Co. is a retail chain operating food and drug stores, multi-department stores, jewelry stores and convenience stores in the United States. The company reported its first quarter earnings today and squelched analyst estimates, topping mean projections by $.06 per share. KR shares finished up 4.44% on the day. Net income for the grocery store rose to $432.3 million (70 cents/share) vs. $374 million (58 cents/share) in the same quarter a year earlier. A rise of 15.6% from the year earlier quarter. Revenue has risen the past four quarters. Revenue increased 7.6% to $19.93 billion in fourth quarter of the last fiscal year. The figure rose 5.8% in third quarter of the last fiscal year from the year earlier and climbed 6% in second quarter of the last fiscal year from the year-ago quarter.

According to David Dillon, Kroger CEO, “Our Customer 1st strategy is clearly connecting with customers. We have shown that our focus on people, products, prices and the shopping experience is meaningful to customers through both good and challenging times. As a result, we achieved strong performance across the company.

Watch these competitors: Safeway Inc. (NYSE:SWY), Whole Foods Market, Inc. (NASDAQ:WFM), and SUPERVALU INC. (NYSE:SVU).

Smithfield Foods Inc. (NYSE:SFD): reported its results for the fourth quarter. Smithfield Foods, Inc. is a hog producer and pork processor, which produces and markets a number of fresh meat and packaged meats products both domestically and internationally. The company swung to a profit of $98.4 million (59 cents/diluted share) in the quarter. Smithfield Foods Inc. had a net loss of $4.6 million or a loss 2 cents per share in the year earlier quarter. SFD reported earnings per share that trumped analyst estimates, yet total revenues fell short of expectations. Revenue has risen the past four quarters. Revenue increased 10.5% to $3.19 billion in third quarter. The figure rose 11.4% in second quarter from the year earlier and climbed 6.9% in first quarter from the year-ago quarter. Smithfield shares jumped 6.42% higher in trading today.

Keep an eye on competitors: Hormel Foods Corporation (NYSE:HRL), Tyson Foods, Inc. (NYSE:TSN), Pilgrim’s Pride Corp. (NYSE:PPC), ConAgra (NYSE:CAG), General Mills (NYSE:GIS), Kraft (NYSE:KFT), and H.J. Heinz (NYSE:HNZ).

Research in Motion (NASDAQ:RIMM): The Blackberry maker and once upon a time smartphone leader reported earnings for the first quarter today, beating analyst earnings estimates by $.01 at $1.33 per share. Revenues totaled 4.9 billion, up 16% YoY, but fell short of projections by .2 billion. The stock slid by a huge margin in after hours exchanges following the release, down over 14%, after gaining slightly during trading today (up .45%). From MarketWatch, “For the quarter ended May 28, Research In Motion  said net income came in at $695 million, or $1.33 per share, compared to net income of $769 million, or $1.38 per share, for the same period the previous year. The company said it shipped 13.2 million smartphone units and 500,000 units of its new Playbook tablet. Analysts had been expecting smartphone shipments of 13.3 million and Playbook shipments of 436,000.”

Competitors to Watch: Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG) Nokia (NYSE:NOK), Motorola (NYSE:MSI), Microsoft (NASDAQ:MSFT), and Dell (NASDAQ:DELL).

Father’s Day is Approaching June 19th (Gift a Free Trial): Make Your Father the Rich Dad with Wall St. Cheat Sheet’s Winning Newsletter!

More from The Cheat Sheet