AUSTIN, Texas – AUSTIN, Texas (AP) _ Whole Foods Market Inc. (WFM) on Wednesday reported fiscal third-quarter net income of $120 million.
On a per-share basis, the Austin, Texas-based company said it had profit of 37 cents.
The results met Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was also for earnings of 37 cents per share.
The grocery chain posted revenue of $3.7 billion in the period, surpassing Street forecasts. Six analysts surveyed by Zacks expected $3.69 billion.
Whole Foods shares have climbed slightly since the beginning of the year, while the Standard & Poor’s 500 index has increased 6 per cent. In the final minutes of trading on Wednesday, shares hit $33.64, a fall of 16 per cent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WFM at http://www.zacks.com/ap/WFM
Keywords: Whole Foods Market, Earnings Report, Priority Earnings