This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Whole Foods Markets: After-Hours Trading

Stocks in this article: WFMI JDSU IO

NEW YORK ( TheStreet) -- Shares of Whole Foods Markets (WFMI) gained in extended trades on Wednesday after the specialty grocer topped Wall Street's earnings estimate for its fiscal second quarter.

The Austin, Texas-based company posted an adjusted profit of $89.9 million, or 51 cents a share, for the three months ended in March, on sales of $2.35 billion. The average estimate of analysts polled by Thomson Reuters was for earnings of 46 cents a share in the March quarter.

The stock was last quoted at $62.98, up 5.4%, on volume of 1.45 million, according to Based on a regular session close at $59.74, the shares were already up more than 45% in the past year.

Whole Foods also lifted its outlook for fiscal 2011, saying it now sees earnings of $1.87 to $1.90 a share, up from a prior forecast for a profit of $1.76 to $1.80 a share. The company boosted its same-stores outlook to growth of 7.9% to 8.9% for the year, and said it sees overall sales growth of 11.7% to 12.6%.

"These are the strongest overall results we have reported in the past five years," said John Mackey, the company's co-founder and CEO, in a press release. "Our solid execution is generating consistent cash flow, and with our long-term debt now fully repaid, we are considering other uses for our growing cash balance, including accelerating our growth, raising our dividend and repurchasing stock."

Wall Street was in wait-and-see mode on Whole Foods ahead of the report with 15 of the 25 analysts covering the company rating the stock at hold.

Other stocks getting a boost in late trades included JDS Uniphase (JDSU), which advanced 9% to $21.85 on volume of more than 2.7 million after the optical networker posted an strong quarterly profit; and ION Geophysical (IO), which fell more than 9% to $9.79 on volume of more than 45,000 after the company reported breakeven results for the first quarter but said one of its businesses is being "significantly impacted" by the turmoil in Libya.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.

>To submit a news tip, send an email to:

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs