Consumer Stocks Higher in Late Trade; Wabash National Cruising to 12% Advance Following Q2 Results

By Staff,

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Top Consumer Stocks

WMT +0.26%

MCD -0.15%

DIS +1.13%

CVS +1.07%

KO -0.17%

Consumer stocks are higher, with shares of consumer staples companies in the S&P 500 advancing about 0.3%. Shares of consumer discretionary firms in the S&P 500 are ahead nearly 0.8%.

In company news, Wabash National Corp. ( WNC ) is up nearly 12% in late trade at $10.74 a share after the auto-parts company last night reported Q2 earnings of $0.21 per share, excluding non-recurring items and beating the Capital IQ consensus by $0.02 per share.

Revenue rose 14.0% year over year to $413.1 million, trailing forecasts by around $750,000.

In other sector news,

(+) SODA, Q2 earnings of $0.74 per share beat analyst estimates by $0.11 per share. Revenue rise 28.5% to $132.4 million, topping the consensus view by $2.68 million. Raises its FY13 outlook, now expecting 30% revenue growth to $567.2 million, also beating expectations.

(-) BGFV, Q2 revenue climbs 5.9% over same quarter last year to $239.9 million, trailing estimates by $4.16 million. Earns $0.28 per share, beating the Capital IQ consensus by $0.01. Q3 guidance in-line with analyst views.

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

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

This article appears in: Investing Commodities
Referenced Stocks: WNC

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