Top Consumer Stocks,
Consumer stocks are slightly lower today with shares of consumer
staple companies in the S&P 500 slipping 0.2%. Shares of
consumer discretionary stocks in the S&P are down less than
In company news, Quality Distribution Inc (
) is down 5.5% after late Thursday pricing an underwritten
secondary offering of 4.27 million shares of its common stock by
funds affiliated with Apollo Global Management LLC, among others,
at $8.60 per share - a 5.4% discount to last night's closing
The selling stockholders have granted 30-day options to the
underwriters to purchase up to 426,974 additional shares to cover
possible overallotments. QLTY did not receive any proceeds from the
In other sector news,
(-) LGF, (now -0.7%, earlier hit fresh 52 week highs) Motion
picture and television studio earns $0.18 per in Q1, reversing a
year-ago loss and topping analyst estimates for an $0.08 gain.
Revenue climbs 20.8% to $569.7 mln, also beating forecasts.
(-) NDLS, (-10.7%) Q2 earnings of $0.18 per share, ex items, top
analyst estimates by $0.06. Revenue climbs 18.1% from the same
period last year to $89.2 mln, also beating the consensus view by
$1.15 mln. Guides FY13 EPS in-line.
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