Consumer Stocks Adding to Day-Long Advance; Marriott Vacation Pops 5% After Q3 EPS Crush Expectations

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Top Consumer Stocks

WMT +2.47%

MCD +1.09%


DIS +3.09%

CVS +1.06%

KO +1.98%

Consumer stocks are sharply higher with shares of consumer staples companies in the S&P 500 adding nearly 1.9%. Shares of consumer discretionary firms in the S&P 500 are advancing over 2.3%.

In company news, Marriott Vacations Worldwide Corp. ( VAC ) is up 5.5% at $46.96 a share and the travel company reporting Q3 earnings of $0.72 per share, ex items, crushing analyst expectations by $0.33 per share.

Revenues rose 7.0% year over year to $410 mln, also topping the Street view by around $8.34 million.

It also issued upside FY13 guidance, forecasting adjusted earnings of $2.21 to $2.37, beating consensus estimates by $0.10.

In other sector news,

(-) PRXI, Touring exhibition company falls to 52-week low after swinging to a small net loss in fiscal Q2 and posting a 42% year over year decline in revenue.

(-) RT, Q1 net loss of $0.36 per share is $0.31 wider than estimates. Revenue falls 11.6% to $289.7 mln, missing forecasts by $8.34 mln. Q2 same-store sales seen declining in low single digits before improving sequentially in Q3 and Q4.



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.

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This article appears in: Investing , Commodities

Referenced Stocks: VAC

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