United Natural Foods Inc (NYSE: UNFI) is trading higher Wednesday on continued strength after the company on Tuesday announced better-than-expected fiscal fourth quarter earnings results and issued guidance above estimates.
Futures are pointing to a higher open. News and announcements were light before the open which gave investors a chance to digest Tuesday’s selloff. The selloff was orderly which may suggest that the selloff wasn’t a taper tantrum but a “normal” September slump where money managers are rearranging their portfolios for the final quarter.
Gainers
Gogo Inc. (NASDAQ: GOGO) shares climbed 37.6% to close at $16.82 on Tuesday after the company raised the long-term financial targets announced during Q4 2020 earnings.
Gainers
Digital Brands Group, Inc. (NASDAQ: DBGI) shares climbed 39.3% to $4.1090 after the company issued full-year 2022 revenue guidance of $37.5 million to $42.5 million, representing a 350% increase year-over-year.
United Natural Foods Inc (NYSE:UNFI) reported a fourth-quarter FY21 sales decline of 0.5% year-on-year, to $6.74 billion, missing the analyst consensus…
United Natural Foods (NYSE:UNFI) reported quarterly earnings of $1.18 per share which beat the analyst consensus estimate of $0.80 by 47.5 percent. This is a 11.32 percent increase over earnings of $1.06 per share from
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Wall Street expects FactSet Research Systems Inc. (NYSE: FDS) to report quarterly earnings at $2.72 per share on revenue of $404.97 million after the closing bell. FactSet Research shares dropped 1% to close at $369.12 on Monday.