Whole Foods Lowers FY2014 Outlook and Tesla Reports Earnings
Whole Foods Market, Inc. (NASDAQ: WFM) released their Q2 earnings report revealing earnings of $0.38 per share which missed estimates of $0.41 per share. The company also lowered their 2014 fiscal year sales forecast to 10.5 - 11%. Whole Foods expects full year 2014 diluted EPS of $1.52 to $1.56. Previously the company had expected $1.58 to $1.65. "As we continue to innovate and evolve at a fast pace, we are confident in our ability to gain market share and expect our sales to approach $25 billion over the next five years," said John Mackey co-CEO of Whole Foods Market.
Whole Foods Market, Inc. operates as a retailer of natural and organic foods. Its stores offer produce and floral, grocery, meat, seafood, bakery, prepared foods and catering, coffee, tea, beer, wine, cheese, nutritional supplements, vitamins, and body care products, as well as lifestyle products including books, pet products, and household products. As of February 13, 2014, the company operated 373 stores in the United States.
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Tesla Motors, Inc. (NASDAQ: TSLA) reported first quarter earnings and posted a higher than expected operating profit. The company said for the current quarter operating automotive gross margins would increase slightly. For Q1, Tesla reported a first-quarter net loss of almost $50 million. This is compared with last year's first-ever quarterly profit. Excluding one-time items, the company earned $17 million, or 12 cents a share in Q1, two cents better than what analysts polled by Thomson Reuters I/B/E/S had expected.
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. The company also provides services for the development of electric powertrain systems and components, and sells electric vehicle powertrain components to other automotive manufacturers.
Get more information on Tesla Motors, Inc. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/TSLA
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