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Kroger, Big Lots: Premarket Trading


NEW YORK ( TheStreet) -- Shares of supermarket and department stores company Kroger (KR) were popping 4.4% after reporting fourth-quarter earnings of 44 cents a share and a better-than-expected adjusted earnings of 46 cents a share.






Retailer Big Lots (BIG) was rising 3.3% after reporting a 4.4% rise fiscal fourth-quarter earnings but flat comparable-store sales.






Retailer Family Dollar Stores (FDO) was falling 2.3% in premarket trading Thursday after its board announced that a sale of the company isn't in the best interest of its shareholders and believes that investment firm Trian Group's offer undervalues the company.






Food company Heinz (HNZ) was rising 1.5% after reporting third-quarter earnings of 84 cents a share on higher sales, beating analysts' earnings estimates by 2 cents.






Marvell Technology (MRVL) was rising 1.5% ahead of its fourth-quarter earnings report. The chipmaker is likely report earnings of 42 cents a share Thursday, according to the Wall Street consensus estimate.






Restaurant chain Wendy's/Arby's (WEN) was up 1.3% after reporting a fourth-quarter loss of 3 cents a share, but profit of a penny excluding charges, which was slightly below expectations Thursday.






MetLife (MET) shares were rising 1.2% after the massive offering of the insurer's shares related to its purchase of New York-based American International Group's (AIG) Alico business priced at $43.25 a share late Wednesday.






Tech giant Apple (AAPL)was rising 1.1% after unveiling the iPad 2 on Wednesday.






Discount retailer Target (TGT) was falling 0.6% after posting a lower-than-expected 1.8% increase in same-store sales. Macy's (M) was rising 1.7% after reporting that sales rose 5.8%.






Canada's second largest bank Toronto Dominion Bank (TD) was rising 1.7% after reporting that its first-quarter earnings rose 18.5% to C$1.54 billion ($1.59 billion), or C$1.69 a share, from C$1.30 billion, or C$1.44 a share a year earlier.






Enterprise software company Novell (NOVL) is expected to report first-quarter earnings per share of 7 cents.

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-- Written by Andrea Tse in New York.



>To contact the writer of this article, click here: Andrea Tse.

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