Shareholders were provided with a glimpse of Albertsons Companies, Inc.'s (NYSE: ACI) performance in the second quarter as the company disclosed its earnings before the start of trading hours.
The firm closed the quarter with a adjusted income of $0.51 per share, outshined the wall street forecasted $0.48 profit per share by $0.03.
On the other hand, the revenues for the quarter summing into $18.55 billion, outplayed wall street estimated $18.48 billion by $68.69 million.
On a GAAP basis, the company experienced a quarterly net profit of $0.25 per share, representing a 45.7 percent decrease from the corresponding period in the previous year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q2 2024 | $0.51 | -19.0% | 18.55 B | +1.4% |
| Historical Earnings Insight | ||||
| Q1 2024 | $0.66 | -29.0% | 24.27 B | +0.9% |
| Q4 2023 | $0.54 | -31.6% | 18.34 B | +0.4% |
| Q3 2023 | $0.79 | -9.2% | 18.56 B | +2.2% |
| Q2 2023 | $0.63 | -12.5% | 18.29 B | +2.1% |
| Q1 2023 | $0.93 | -7.0% | 24.05 B | +3.2% |
| *Growth on year-over-year basis | ||||
In contrast to the corresponding quarter of prior year revenues grew 1.43 percent, where as the profit per share dropped 19.05 percent.
During Monday's trading, Albertsons Companies (ACI) shares reached a low of $18.20 and a high of $18.39, along with a total volume of 3.01 million shares. The stock ended the regular trading session at $18.26, showing fall of 0.6 percent.
