Nash-Finch Company Falls 6.5% On Revenue Miss (NAFC)

Shares of Nash-Finch Company NAFC are currently down 6.5% at $39.86 per share during Tuesday afternoon trading. Today's trading range for shares of Nash-Finch Company has been between $39.31 and $43.23 per share. The consensus price target of analysts covering the company's stock is $46 per share. Volume of 47,000 shares is approaching the daily average volume of 60,000 shares. Nash-Finch Company (NAFC) released financial results early Tuesday morning that beat Wall Street earnings estimates but missed revenue expectations. Nash-Finch Company reported 3rd quarter earnings of $1.18 per share, on revenue of $1.51 billion. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of $1.05 per share, on revenue of $1.57 billion. President and CEO Alec Covington said, “Although we continued to experience significant headwinds that impacted our top line sales during the third quarter, we were able to increase year-over-year EBITDA as a percentage of sales. This was achieved by placing a sharp focus on executing initiatives to improve productivity, reduce overall expenses and maintain profitability during this challenging economic environment.” Read more from Benzinga's Company news.