S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
DAILY EARNINGS

United Natural Foods Net Soars, Value Line Net Tumbles


Author: Mukesh Buch
ticker.com
Last Update: 12:01 PM EDT September 14 2017

11:45 PM New York – United Natural Foods fourth-quarter net soared 12% to $40 million and revenues jumped 6%. Value Line fourth-quarter net tumbled 65.6% and revenues plunged 46%.

Tollbooth Index fell 16.79 to 12,534.02.

Earnings Review

Citigroup Inc (C), after the yesterday’s conference financial services provider’s chief financial officer John C. Gerspach forecasted bank’s trading revenue in the third-quarter may slump 15% from a year ago period.

JPMorgan Chase & Co (JPM), the investment banking and financial services provider’s chairman and chief executive officer James L. Dimon said at an industry conference estimated trading revenue in the third-quarter may decline by 20% from a year ago period.

United Natural Foods, Inc (UNFI), the specialty products retailer and distributor said revenues in the fourth-quarter ending on July 29 jumped 5.7% from a year ago to $2.3 billion.

Net income in the quarter soared 12.1% to $38.9 million or 76 cents per diluted share from $34.7 million or 69 cents in the same quarter last year.

The specialty retailer forecasted fiscal 2018 earnings per diluted share in the range of $2.67 to $2.77, an increase between 4.3% and 8.2% from the earnings per diluted share of $2.56 in the fiscal 2017.

Value Line, Inc (VALU), the investment periodicals provider said revenues in the first-quarter ending in July plunged 46.4% from a year ago to $8.9 million.

Net income in the quarter tumbled 65.6% to $2.2 million or 23 cents per diluted share from $6.4 million or 65 cents in the same quarter last year.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc