AI
Wednesday, February 13, 2013 9:28:44 PM
Whole Foods down 5% on weaker same-store sales (4:38 pm ET)
SAN FRANCISCO (MarketWatch) -- Whole Foods Market (WFM: news, chart, profile) Wednesday missed the fiscal first-quarter consensus estimate for sales at its existing stores, sending the stock down 5% in late trades. Whole Foods said comparable-store sales rose 7.2% for the quarter ended Jan. 20. Moreover, the natural-foods chain said same-store sales grew 6.4% from Jan. 21 through Feb. 12 -- a slower rate than the first several weeks of recent quarters. Whole Foods maintained its full-year profit forecast for earnings of $2.83 to $2.87 a share. However, the grocer said its expects its gross margin to slip, partly due to its ongoing price-cutting strategy. For its fiscal first quarter, Whole Foods posted a profit of $146 million, or 78 cents a share, up from $118 million, or 65 cents a share, in the year-ago period. Sales rose 14% to $3.9 billion. In after-hours trade, Whole Foods stock was at $92.18. Since Jan.1, the stock is up 6%; its 52-week high is $101.87.
Nvidia profit rises on strong sales(4:30 pm ET)
SAN FRANCISCO (MarketWatch) - Nvidia Corp. (NVDA: news, chart, profile) on Wednesday reported a fourth-quarter profit of $173.97 million, or 28 cents a share, compared with a profit of $116.03 million, or 19 cents a share, for the year-earlier period. Revenue rose to $1.11 billion, from $953.19 million. Adjusted profit was 35 cents a share. Analysts polled by FactSet on average were expecting the chip maker to post a profit of 24 cents a share, on revenue of $1.10 billion. For the current quarter, Nvidia expects revenue of $940 million, plus or minus 2%. Analysts were expecting revenue of $1.07 billion, according to data from FactSet. Nvidia shares were up a fraction in after-hours trading.
SAN FRANCISCO (MarketWatch) -- Whole Foods Market (WFM: news, chart, profile) Wednesday missed the fiscal first-quarter consensus estimate for sales at its existing stores, sending the stock down 5% in late trades. Whole Foods said comparable-store sales rose 7.2% for the quarter ended Jan. 20. Moreover, the natural-foods chain said same-store sales grew 6.4% from Jan. 21 through Feb. 12 -- a slower rate than the first several weeks of recent quarters. Whole Foods maintained its full-year profit forecast for earnings of $2.83 to $2.87 a share. However, the grocer said its expects its gross margin to slip, partly due to its ongoing price-cutting strategy. For its fiscal first quarter, Whole Foods posted a profit of $146 million, or 78 cents a share, up from $118 million, or 65 cents a share, in the year-ago period. Sales rose 14% to $3.9 billion. In after-hours trade, Whole Foods stock was at $92.18. Since Jan.1, the stock is up 6%; its 52-week high is $101.87.
Nvidia profit rises on strong sales(4:30 pm ET)
SAN FRANCISCO (MarketWatch) - Nvidia Corp. (NVDA: news, chart, profile) on Wednesday reported a fourth-quarter profit of $173.97 million, or 28 cents a share, compared with a profit of $116.03 million, or 19 cents a share, for the year-earlier period. Revenue rose to $1.11 billion, from $953.19 million. Adjusted profit was 35 cents a share. Analysts polled by FactSet on average were expecting the chip maker to post a profit of 24 cents a share, on revenue of $1.10 billion. For the current quarter, Nvidia expects revenue of $940 million, plus or minus 2%. Analysts were expecting revenue of $1.07 billion, according to data from FactSet. Nvidia shares were up a fraction in after-hours trading.
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
