United Natural Foods Surges After Q3 Beat And Raised Guidance

United Natural Foods, Inc. UNFI shares are trading higher by $6 (15 percent) at $44.83 in Tuesday's session. The catalyst for the rally is a Q3 beat of a dime along with a slight miss for revenues. Also, the company raised its FY 2016 EPS and sales guidance.

After sharply higher open, it pulled back only $0.04 to $41.96 before continuing its move higher. So far, it has reached $45.17 and fallen back under $45. That marks the highest level for the issue since it peaked at $45.62 on November 30.