SWBI - Crude Oil Moves Higher; Kroger Earnings Beat Estimates | Benzinga
U.S. stocks traded mostly higher toward the end of trading, with the Nasdaq Composite edging higher on Friday.
The Dow traded up 0.10% to 34,535.92 while the NASDAQ rose 0.02% to 13,751.67. The S&P 500, also rose, gaining, 0.05% to 4,453.21.
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Leading and Lagging Sectors
Energy shares jumped by 1.4% on Friday.
In trading on Friday, real estate shares fell by 0.7%.
Top Headline
The Kroger Co. (NYSE: KR) reported better-than-expected quarterly earnings and reached an opioid settlement agreement, agreeing to pay up to $1.2 billion to states and subdivisions and $36 million to tribes.
Kroger reported a second-quarter FY23 sales decline of 2.3% year-on-year to $33.85 billion, missing the analyst consensus of $34.13 billion. Adjusted EPS of $0.96 beat the consensus estimate of $0.91.
Kroger sees FY23 adjusted EPS of $4.45 - $4.60 versus an estimate of $4.51.
Equities Trading UP
Biocept, Inc. (NASDAQ: BIOC) shares shot up 56% to $1.31 after the company announced non-exclusive licensing agreement for CNSide with Plus Therapeutics.
Shares of Smith & Wesson Brands, Inc. (NASDAQ: SWBI) got a boost, shooting 13% to $11.83 after ...