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Wednesday 27 January 2016
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Intraday Movers: The Kroger Co. (NYSE:KR), JetBlue Airways Corporation (NASDAQ:JBLU), Union Pacific Corporation (NYSE:UNP)

On Friday, Shares of The Kroger Co. (NYSE:KR), surged 5.34% to $37.29.

The Kroger Co., stated net earnings of $433 million, or $0.44 per diluted share, and identical supermarket sales growth, without fuel, of 5.3% in the second quarter of fiscal 2015.

Net earnings in the same period last year were $347 million, or $0.35 per diluted share.

Comments from Chairman and CEO Rodney McMullen

“We are happy with our second quarter performance. Our core food business continued its strong performance and we benefitted from fuel margins that expanded throughout the quarter.

“Our team of associates continues to drive our Customer 1st strategy by taking care of our customers in big and small ways. We continue to earn customer loyalty and gain market share.

“We are investing to grow our business for the future while delivering on our promises recently. For example, our stores are hiring to fill 20,000 new, permanent jobs and we are expanding our digital and ecommerce offerings. Our confidence in Kroger has never been stronger.”

The Kroger Co., together with its auxiliaries, operates as a retailer in the United States and internationally. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores.

Shares of JetBlue Airways Corporation (NASDAQ:JBLU), inclined 1.18% to $25.68, during its last trading session, hitting its highest level.

JetBlue Airways Corporation stated its preliminary traffic results for August 2015. Traffic in August raised 6.7 percent from August 2014, on a capacity improvement of 8.3 percent.

Load factor for August 2015 was 87.0 percent, a decrease of 1.3 points from August 2014. JetBlue’s preliminary completion factor was 98.9 percent and its on-time (1) performance was 74.0 percent. JetBlue’s preliminary passenger revenue per available seat mile (PRASM) for the month of August reduced about three percent year over year, which was negatively influenced by a late Labor Day this year. For the third quarter of 2015, PRASM is predictable to change between negative half percent and positive half percent year over year.

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts.

Finally, Union Pacific Corporation (NYSE:UNP), ended its last trade with -1.13% loss, and closed at $86.12.

Union Pacific Corporation, will address the 2015 Citi Industrials Conference and the Morgan Stanley 3rd Annual Laguna Conference in September.

  • 2015 Citi Industrials Conference – Boston, Mass, on September 16, 2015, at 10:15 a.m. ET.
  • Morgan Stanley 3rd Annual Laguna Conference – Laguna Beach, Calif. On September 17, 2015, at 10:30 a.m. PT.

Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals comprising of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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