Consumer Slightly Lower Near Close; Arkansas Best Rolls Over Wall Street Revenue Estimates


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Consumer stocks are ending slightly lower today with shares of consumer staple companies in the S&P 500 slipping 0.3%. Shares of consumer discretionary stocks in the S&P are down about 0.1%.

In company news, Arkansas Best Corporation ( ABFS ) is up more than 16% at $22.89, with shares of the trucking company earlier rising to within in 26 cents of its 52-week high of $24.00 each after Q2 operating revenues 13% over the year-ago period to $576.9 million, beating analyst projections by $9.9 million.

ABFS also reported non-GAAP net income of $0.18 per share, unchanged from the same quarter last year and trailing the analyst consensus by a penny.

In other sector news,

(+) MGA, Q2 EPS of $1.78 beats consensus by $0.14 per share. Net sales rise 16.8% year over year to $9 billion, also topping the Street view by $500 million. Guides FY13 sales at least $100 million above consensus.

(-) NDLS, Guides FY13 EPS in-line but disappoints some investors expecting a more optimistic outlook. Adjusted Q2 earnings and revenue both beat estimates.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: ABFS

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