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United Natural Foods (UNFI) Dropped Despite Q3 Results

United Natural Foods (UNFI) reported third quarter EPS of $1.02 after the bell Wednesday, up from $0.72 a year ago. Analysts expected EPS of $0.93. Full year EPS is expected to be between $3.18 and $3.23. The consensus estimate is for EPS of $3.11.

United Natural Foods gapped open lower Thursday and declined during the first half of the session. Shares finished with a loss of 6.60 at $39.58 with volume at nearly a 9-month high. The stock sank to nearly a 7-month low.

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