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Whole Foods Earnings, Revenue Jump, but Stock Falls

Whole Foods reported quarterly earnings and revenue that matched analysts' expectations on Wednesday.

Whole Foods Earnings, Revenue Jump, but Stock Falls
Donna Mcwilliam

Despite the in-line quarterly report, the grocery store chain's shares fell 4 percent in extended-hours trading following the release. (Click here to get the latest quotes for Whole Foods.)

The company's fiscal fourth-quarter earnings excluding items rose to 60 cents per share from 42 cents a share in the year-earlier period.

Revenue increased 23 percent to $2.9 billion from $2.35 billion a year ago.

Analysts had expected the company to report earnings excluding items of 60 cents a share on $2.91 billion in revenue, according to a consensus estimate from Thomson Reuters.