Consumer Stocks Mixed; PriceSmart Climbs to New 52-Week High After Q4 Earnings Beat Estimates

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Top Consumer Stocks

Consumer stocks are mixed, 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 are up around 0.5%.

In company news, PriceSmart Inc. ( PSMT ) rolled to a new 52-week high of $117.64 a share after the warehouse-club retailer reported fiscal Q4 earnings of $0.69 per share, topping analyst estimates by $0.03.


Revenue rose 13.6% year over year to $585.4 million, roughly in-line with the Capital IQ consensus expecting $587.5 million in quarterly revenue.

PSMT shares last traded at $115.04 each, up about 13.3%

In other sector news,

(+) EXPE, (+17.2%) Q3 adj. earnings of $1.43 per share top Capital IQ consensus by $0.07 per share. Revenue rises 16.9% over the same quarter last year to $1.4 bln, roughly in-line with analyst expectations for $1.38 bln.

(-) WTW, (-17.6%) Suspends quarterly dividend, saying it expects Q4 revenue will fall by low double digits - matching analyst estimates looking for a 12% year over year drop. Q3 EPS beats by $0.24 per share. Revenue falls 8.5% to $393.9 mln, or $7.4 mln over Street.



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: PSMT

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