Market Preview: Facebook's Folly
And finally, aside from Zynga, Whole Foods Markets(WFM) was a big mover in late trades, rising 11% to $94 after the specialty supermarket operator beat Wall Street's expectations with its fiscal third-quarter results.
The company reported earnings of $116.8 million, or 63 cents a share, on revenue of $2.73 billion for the June-ended period, topping the average estimate of analysts polled by Thomson Reuters for a profit of 61 cents a share on revenue of $2.73 billion. Whole Foods also lifted its outlook for the rest of the year.
--Written by Michael Baron in New York.
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