Facebook disliked; Whole Foods falls short; Wynn up despite losing results
Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
Whole Foods
Whole Foods (WFM) dropped after missing estimates on its top and bottom lines. Shares hovered at its lowest level in three years. Whole Foods posted earnings 2 cents shy of expectations coming in at $0.43 a share. Revenue was also below forecast. The high-end grocer was also hit with two downgrades today from Morgan Stanley and Wedbush lowered from their highest ratings.
Facebook (FB) got disliked by Wall Street. The stock moved lower, even after a very solid quarter. The social media giant earned $0.50 a share in the second quarter, that's 3 cents better than expected. But investors were taken aback by the company's spending, which rose 82% in the quarter.
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Wynn Resorts
Wynn Resorts (WYNN) moved higher, despite missing quarterly earnings estimates. The casino operator posted profit of $0.74 a share. That's well short of the $0.96 a share the Street expected. Revenue also dropped on declining results in the key Macau market. Revenue from Wynn's Macau operations fell almost 36% in the second quarter.