Albertsons Stock Gains After Earnings. Grocer Is Upbeat Despite ‘Cautious’ Customers.

Shares of Albertsons were trading higher after the grocery-store chain increased its forecast of earnings for the fiscal year. Albertsons stock gained 1.9% to $20.10 in premarket trading Wednesday. For its third fiscal quarter, ended Nov. 30, the company reported adjusted earnings of 71 cents a share, beating Wall Street’s call for 66 cents, according to FactSet Net sales of $18.775 billion were below the consensus estimate of $18.819 billion.

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