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Unifi -6% on preliminary FQ3 results

Apr. 16, 2018 9:41 AM ETUnifi, Inc. (UFI) StockBy: Yoel Minkoff, SA News Editor
  • 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.

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