Whole Foods Market, Inc. (WFM) plunged as much as 9 percent to $29.27 in after-hours trading after it reported fiscal-fourth quarter earnings.
The grocery chain popular for its organic food handed in earnings of $0.24 per share on revenue of $3.44 billion, missing Wall Street estimates of $0.34 per share on revenue of $3.47 billion. In a separate release today, the company announced a $1 billion share repurchase program, along with a new capital allocation strategy, saying the program reflects confidence in the co.’s future growth and cash flow generation.
“In the face of increasing competition, we are not standing still. We have made measurable progress on many of our strategic initiatives over the past year, while producing industry-leading sales per gross square foot of $970, a record $1.1 billion in cash flow from operations, and healthy returns on invested capital,” Whole Foods CEO John Mackey said in a statement.
Same-store sales, which measure stores open for at least one year, fell 0.2%, while analysts had expected a 0.7% gain.
Looking ahead, the company guided FY16 revenues of $15.85 to $16.16 billion, as compared to analysts’ expectations of $16.59 billion.
WFM dropped $1.49 to $29.27 in after-hours trading on 10.61 million shares. Ticker has fallen 39% since the beginning of the year.
FireEye, Inc. (FEYE) reported third-quarter EPS loss of ($0.37) after the closing bell Wednesday, compared to the consensus estimate of ($0.45). Revenues increased 45% from last year to $165.6 million. Analysts expected revenues of $167.12 million.
For Q4, FEYE said it expects revenue in the range of ($0.38) to ($0.36) versus consensus of ($0.40) per share. The computer security software firm expects a fiscal-2015 loss of $1.63 to $1.61 per share, with revenue ranging from $620 million to $628 million.
FireEye stock is currently down $4.00 to $25.12 on 7.96 million shares.
Facebook, Inc. (FB) rallied $1.88 to $105.82 in after-hours trading after it reported fiscal results for the third-quarter.
In its quarterly report, the social networking giant said it earned $0.57 per share, well above the $0.52 per share analysts were expecting. Revenue rose 40.4% yoy to $4.50 billion, above views for $4.37 billion. Net income came in at $896 million, or $0.31 per share, up from $806 million, or $0.30 per share, in the year-earlier period.
Facebook reported monthly active users (MAUs) of 1.55 billion as of Sept. 30, a 14.8% increase year-over-year in the quarter, and 1.01 billion daily active users, beating the Street’s expectation of 992 million. Mobile MAUs came in at 1.39 billion, an increase of 23.7%. Ad revenue climbed 45.20%.
“We think we have the best mobile ad product in the market. We’re able to target, we’re able to measure. We have broad scale,” Sheryl Sandberg, COO at Facebook, told CNBC.