Consumer Stocks Mostly Lower; LivePerson Active After Q3 Earnings, Revenue Beat

By Staff,

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Top Consumer Stocks

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MCD -0.70%

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Consumer stocks are broadly lower, with shares of consumer staple companies in the S&P 500 sinking 1.1% while shares of consumer discretionary firms in the S&P 500 are down 1.2%.

In company news, LivePerson Inc. ( LPSN ) is up more than 23% at $11.09 a share after reporting Q3 earnings and revenue that beat analyst expectations.

The business services company earned $0.07 per share during the September quarter, ex items, topping the Capital IQ consensus by $0.03. Revenue rose 13.9% year over year to $45.2 million, also exceeding the Street view by $720,000. Bookings were up 43.6% over the prior quarter at $10.2 million and rising nearly 25% over the year-ago quarter.

Looking ahead, LPSN is expecting Q4 EPS of $0.04 to $0.06, ex items, on between $46 million to $47 million in revenue. The Street is looking for a $0.06 per share profit and $47.08 million in revenue in Q4.

In other sector news,

(+) JCP, (+7.0%) Department-store retailer says same-store sales rose 0.9% in October, up 490 basis points from September. Sales on increased 37.6% year over year.

(-) WFM, (-9.0%) Q4 revenue trails estimates by 2%. The upscale grocer also lowered its guidance for FY14 EPS and revenue to below consensus, upstaging a 20% increase in the quarterly dividend and a new $500 million stock buyback program.

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: LPSN

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