Top Consumer Stocks
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
In company news, Arkansas Best Corporation (
) 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
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.
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