NEW YORK (TheStreet) -- Shares of Whole Foods Market Inc. (WFM) are higher by 1.77% to $47.64 in early afternoon trading on Monday, as the organic and natural foods retailer gets a boost from WhiteWave Foods Co.'s (WWAV) 2014 third quarter earnings results, which beat analysts' expectations.
WhiteWave manufactures, markets, distributes, and sells plant-based foods and beverages.
WhiteWave said its adjusted net income, which excluded investments associated with its China joint venture, increased by 42% to 27 cents per diluted share for the most recent quarter, exceeding analysts' expectations by a penny.
Revenue for the 2014 third quarter grew by 34% to $857 million, over the prior year. Analysts had forecast for revenue of $843.25 for the quarter.
Shares of WhiteWave are lower by 2.98% to $35.83 this afternoon.
Separately, TheStreet Ratings team rates WHOLE FOODS MARKET INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate WHOLE FOODS MARKET INC (WFM) a BUY. This is driven by some important positives, 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 revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
You can view the full analysis from the report here: WFM Ratings Report