Whole Foods Topped Q2 Estimates, Rose 11% YoY

Financial News Network
July 28, 2011 AT 12:40 AM
Whole Foods (NASDAQ:WFM) reported Q3 EPS of $0.50, better than analyst estimates of $0.48 per share. Revenues in the quarter rose 11% to $2.4 billion, in line with analyst estimates.Based on the strong results, the company raised its full-year earnings forecast to $1.91 to $1.92 per share from $1.87 to $1.90 per share previously.Whole Foods Market has a potential upside of 4.4% based on a current price of $64.36 and an average consensus analyst price target of $67.22.