US Stock Market Move | Adjusted EPS for the third quarter exceeded expectations, with Albertsons Companies, Inc. Class A (ACI.US) rising nearly 4% pre-market.

On Wednesday, Albertsons Companies, Inc. Class A (ACI.US) rose nearly 4% in pre-market trading before falling back to 1% to $19.96 at the time of writing. In terms of news, Albertsons Companies, Inc. Class A announced its third fiscal quarter earnings as of November 30, with a 1.2% year-on-year increase in sales to $18.75 billion, slightly below the analyst's expected $18.19 billion; adjusted earnings per share were 71 cents, higher than the analyst's expected 66 cents. Same store sales increased by 2%, in line with expectations. The company expects adjusted earnings per share for the 2024 fiscal year to be between $2.25 and $2.32, compared to the previous estimate of $2.20 to $2.30.