Top Consumer Stocks
Consumer stocks were ending mixed today with shares of consumer
staples companies in the S&P 500 down about 0.1%. Shares of
consumer discretionary firms in the S&P 500 were ahead
In company news, CVS Caremark (
) was up almost 1% in late trade Friday despite the pharmacy
retailer reporting fiscal Q2 earnings trailing Wall Street
projections by $0.01 per share.
Net income for the three months ended March 31 at CVS were $1.02
per share, excluding non-recurring items and lagging analyst
expectations looking for a $1.03 per share quarterly profit.
Revenue grew 6.3% over the same quarter last year to $32.69
billion, roughly in-line with Street views.
The company blamed the shortfall with its adjusted EPS to a
"significant" amount of unforeseen weather-related issues.
It also forecast per-share earnings for the current quarter
matching the Capital IQ consensus expecting a Q2 profit of at least
$1.08 per share.
Shares were up 0.9% at $73.74 each in late trade, or just 20
cent under its high-water mark for the day.
In other sector news,
(+) NTRI, Q1 EPS of $0.01 beats by $0.03 per share. Revenue
rises 15.9% year over year to $122.2 mln and matching the Capital
IQ consensus. Issues in-line guidance for Q2. Raises FY14 EPS,
revenue forecasts, now matching Street views.
(-) NGVC, Reports Q2 net income of $0.18 per share, matching
consensus estimates. Forecasts FY14 EPS of $0.58 to $0.63, in-line
with the $0.63 per share Street view. Lowers expected same-store
growth by 3% to a new range of 5.5% to 6.5%.
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