- Unifi (NYSE:UFI) -6% in early trade after providing preliminary financial results for FQ3.
- The company expects a net loss of between ($0.4M)-$0.4M, resulting in a diluted EPS loss of between ($0.02) and $0.02.
- "We anticipated that raw material costs and a challenging domestic landscape would pressure third quarter gross margins, but the operating environment proved even more difficult," said CEO Kevin Hall.