UNFI - Nasdaq Down 1.5%; Immunovant Shares Spike Higher | Benzinga
U.S. stocks traded lower toward the end of trading, with the Dow Jones falling more than 400 points on Tuesday.
The Dow traded down 1.19% to 33,601.60 while the NASDAQ fell 1.48% to 13,074.97. The S&P 500 also fell, dropping, 1.42% to 4,276.00.
Check This Out: DraftKings To Rally Around 35%? Here Are 10 Other Analyst Forecasts For Tuesday
Leading and Lagging Sectors
Energy shares fell by just 0.01% on Tuesday.
In trading on Tuesday, utilities shares tumbled by 2%.
Top Headline
United Natural Foods Inc (NYSE: UNFI) reported mixed results for its fourth quarter on Tuesday.
United Natural Foods reported fourth-quarter FY23 sales growth of 2% year-on-year to $7.417 billion, missing the analyst consensus of $7.47 billion. Adjusted EPS of $(0.25) beat the analyst consensus estimate of $(0.28).
United Natural Foods sees FY24 sales of $30.9 billion-$31.5 billion, against the consensus of $31.03 billion. The company expects FY24 adjusted EPS of $(0.88)-$0.38 versus the consensus of $2.56.
Equities Trading UP
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Shares of Femasys Inc. (NASDAQ: FEMY) got a boost, shooting 260% to $1.1950 after the company received FDA 510(k) ...