NEW YORK (TheStreet) -- Shares of WhiteWave Foods (WWAV) were gaining 3.7% to $38.31 in morning trading Monday after the food company beat analysts' estimates for earnings and revenue in the third quarter.
WhiteWave Foods reported earnings of 27 cents a share for the third quarter, beating the Capital IQ Consensus Estimate of 26 cents a share by 1 cent. Revenue grew 34.3% year over year to $857.5 million for the quarter, above analysts' estimates of $842.93 million.
The company said it expects to see earnings of 26 cents to 27 cents a share for the fourth quarter, compared to analysts' estimates of 28 cents a share. WhiteWave Foods expects to see revenue growth in the low 30's percent in the fourth quarter. Analysts' expect revenue of $894.04 million for the fourth quarter.
Watch the video below for a closer look at WhiteWave's latest quarterly results:
TheStreet Ratings team rates WHITEWAVE FOODS CO as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate WHITEWAVE FOODS CO (WWAV) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."