Whole Foods Battles Back After Q3 Miss, Lowered Guidance

shares are trading lower by $1.52 at $29.24 in Thursday's session. The catalyst for the decline is a Q4 miss for EPS by $0.19 on slightly lower revenues. Also, the company lowered FY 2016 guidance from $1.74 to $1.50 area. The initial tumble in pre-market trading took the issue all the way to $27.50 before stabilizing. Off the open, it immediately bottomed at $28.50 and began to mover higher. So far, it has rallied to $29.54 and is now drifting back towards the $29 level.

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