Wednesday, February 20, 2008

Whole Foods 1Q Net Falls 27%...

Whole Foods (WFMI), the organic food retailer reports net income of $39.1 million, or 28¢ a share, as its acquisition of Wild Oats Markets weighs on results. Revenue rises 31% to $2.46 billion.

Analysts expected earnings of 36¢ a share on revenue of $2.42 billion.

That's a Revenue miss. The stock closed yesterday at $38.32 It as critical support in the $35 area.

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