Whole Foods' Rotten Earnings: StockTwits.com

NEW YORK (TheStreet) -- Investors smelled something rotten in Whole Foods  (WFM) earnings.

Shares fell 13% in after hours trading shortly after the company released its second quarter results. And some investors on StockTwits.com said shares, which traded around $42 in the after-hours market, could continue to shed another dollar or so.

$WFM down over 9% after-hours after missing EPS & guidance. Potential weekly support @ $41 or so: http://stks.co/b0WP1

? Jake Huska (@MarketPicker) May. 6 at 04:12 PM

Whole Foods disappointed across the board. The organic grocery chain reported EPS of 38 cents on $3.3 billion in sales, missing the Wall Street consensus call for 41 cents per share on $3.34 billion in revenue. The company also cut guidance. Management predicted full-year earnings per share of between $1.52 and $1.56 on around $14 billion in sales. Analysts had predicted $1.61 EPS on $14.36 billion in revenue, according to stats on Yahoo! Finance.

The results spurred analysts into action. Credit Suisse immediately cut $5 from its $55-per-share price target, according to the Analyst Ratings Network. The firm has a neutral rating on the stock.

On StockTwits.com, investors speculated that Whole Foods was seeing less growth due to higher food prices. Main street incomes haven't grown enough, they argued, to support the price inflation in Whole Foods' aisles.

$WFM walk through this store one time and you will see the true inflation the nation is going through. CPI is a mirage.

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