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United Natural Foods (UNFI) Stock Jumps in After-Hours Trading on Q4 Earnings Beat

NEW YORK (TheStreet) -- Shares of United Natural Foods (UNFI) were spiking 9.18% to $45.66 in after-hours trading on Monday after the company posted better-than-expected earnings for the 2016 fiscal fourth quarter.

After today's closing bell, the Providence, RI-based distributor of natural and organic foods reported adjusted earnings of 70 cents per share, topping analysts' estimates of 63 cents per share.

Revenue rose 7.4% to $2.21 billion year-over-year. Wall Street was looking for revenue of $2.22 billion.

"We are pleased with UNFI's accomplishments in fiscal 2016 which demonstrate our team's focus on our strategic initiatives, particularly in light of a challenging operating environment," CEO Steven Spinner said in a statement.

For fiscal 2017, United Natural sees revenue of $9.43 billion to $9.6 billion. Analysts are projecting revenue of $9.4 billion for the full year.

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