Top Consumer Stocks
Consumer stocks were mostly higher Thursday afternoon with
shares of consumer staples companies in the S&P 500 gaining
0.5%. Shares of consumer discretionary firms in the S&P 500
were ahead 0.4%.
In company news, shares of Angie's List Inc. (
) fell by as much as 21% today after the service review site
forecast Q1 revenue missing analyst projections.
ANGI late Wednesday reported Q4 net income of $2.8 million, or
$0.05 per share, including one-time items. Analysts, who usually
exclude special items from their estimates, had been expecting a
$0.14 per share profit.
The company said its earnings included $4 million accrual for
pending settlement of litigation; it did not make its adjusted
figure clear in the release.
Q4 revenue rose 49% year over year to $68.8 million, edging
analyst estimates by around $300,000.
Looking forward, ANGI is expecting Q1 revenue of $71.5 million
to $72.5 million, trailing the Street view by at least $1.7
Shares of ANGI recently traded 13% lower at $14.87 apiece,
within a 52-week range of $11.88 to $28.32 a share.
In other sector news,
(+) TWC, Shares rise to all-time high after the cable-television
and Internet services provider agreed to be bought by Comcast Corp.
) in a stock-for-stock swap valued at around $45.2 bln.
(-) WFM, Q1 EPS of $0.42 missed by $0.02 per share. Revenue
rises 9.9% year over year to $4.24 bln, trailing consensus by $60
mln. Lowers FY14 earnings guidance by $0.07 to new range of $1.65
to $1.69 per share. Street is at $1.68 per share.