United Natural: Fiscal 3Q Earnings Snapshot
PROVIDENCE, R.I. (AP) _ United Natural Foods Inc. (UNFI) on Wednesday reported fiscal third-quarter earnings of $57.1 million.
On a per-share basis, the Providence, Rhode Island-based company said it had profit of $1.12. Earnings, adjusted to account for discontinued operations and non-recurring gains, came to 61 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The organic and specialty foods distributor posted revenue of $5.96 billion in the period, which did not meet Street forecasts. Ten analysts surveyed by Zacks expected $6.18 billion.
United Natural expects a full-year loss of $5.85 to $5.65 per share.
United Natural shares have decreased roughly 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.20, a decrease of 78% in the last 12 months.