– The consumer goods stock dropped 22% after Tupperware reported its fourth quarter earnings. The company's $489.6 million in revenue was about $50 million above analyst expectations, according to FactSet, but it wasn't clear if the 14 cents in adjusted earnings per share was comparable to estimates. The company's sales in the Asia Pacific region were also down slightly year over year.
– The grocery wholesale stock jumped more than 20% after United Natural Foods reported better-than-expected earnings for its fiscal second quarter. The company reported $1.25 in adjusted earnings per share on $6.89 billion of revenue. Analysts surveyed by FactSet were looking for 86 cents per share on $6.91 billion in revenue. The company also said it expects full-year earnings to be near the top end of its guidance range.
WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!
Stupid stocks.
Do you think this is what people really need right now?