Consumer Stocks Mostly Higher; Slumping After Q3 EPS Misses by $0.01

By Staff,

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Top Consumer Stocks

WMT +0.20%

MCD +0.03%

DIS -0.11%

CVS +1.34%

KO +1.02%

Consumer stocks are higher, with shares of consumer staples companies in the S&P 500 adding 0.7%. Shares of consumer discretionary firms in the S&P 500 are ahead 0.4%.

In company news, Inc. ( OSTK ) is down more than 13% at $25.42 a share after the online retailer reported Q3 earnings of $0.14 per share, trailing the Capital IQ consensus by $0.01.

Revenue rose 18% year over year to $301.4 million, roughly matching Street estimates.

Despite the mixed results, company management said they were optimistic customers will continue to support its Club O business due to its "generous loyalty program." OSTK also said it is opening a new warehouse in Pennsylvania to provide faster delivery to its customers on the East Coast.

In other sector news,

(+) SNA, (+2.0%) Q3 EPS of $1.43 beat by $0.02 per share. Adjusted sales climb to $753.2 million, topping analyst expectations by $10.2 million.

(-) PETM, (-1.0%) Top end of Q3 guidance range of $0.83 to $0.87 per share just reaches analyst consensus.

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: OSTK

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