logo
Plus   Neg
Share
Email

United Natural Foods Remains Sharply Lower After Early Sell-Off

After falling sharply early in the session, shares of United Natural Foods, Inc. (UNFI) continue to see substantial weakness in afternoon trading on Friday. United Natural Foods is currently down by 24 percent after hitting its lowest intraday level in well over nine years.

The steep drop by United Natural Foods comes after the organic and specialty foods distributor reported weaker than expected fiscal first quarter adjusted earnings.

United Natural Foods reported first quarter adjusted earnings of $0.59 per share compared to analyst estimates of $0.73 per share, although its revenues of $2.87 billion came in above expectations for $2.70 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The United Auto Workers at General Motors will remain on strike until ratification of a new four-year labor contract, the union said on Thursday. GM's proposed agreement includes an $11,000 ratification bonus to workers, wage increases of 4 percent throughout the four-year contract, no increases in health care costs; and a path to permanent worker status within four years or less. Streaming giant Netflix Inc. (NFLX) announced that it secured rights to Jeff Smith's critically acclaimed comic book series BONE. Netflix said it plans to develop an animated kids series based on BONE that follows the iconic Bone cousins on an adventure through a vast, uncharted desert and into a... Swedish luxury auto maker Volvo Cars unveiled its first fully electric car, the XC40 Recharge. The XC40 Recharge is a part of the electrified car portfolio that Volvo plans to introduce under the new 'Recharge' sub-brand. The company said it plans to launch a fully electric car every year over the...
RELATED NEWS
Follow RTT
>