Consumer Stocks Outpacing Market Declines; Coast Distribution Hits Fresh 52 Week Highs After Q2 EPS, Sales Grow Over Last Year

By Staff,

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Top Consumer Stocks,

WMT -0.65%

MCD -0.55%

DIS -0.3%

CVS -0.9%

KO -0.5%

Consumer stocks are most lower today with shares of consumer staple companies in the S&P 500 sinking 0.6%. Shares of consumer discretionary stocks in the S&P are 0.9% lower.

In company news, Coast Distribution System Inc. ( CRV ) is up near 17% and has posted new 52 week highs after today reporting GAAP net income of $0.23 per share, up from $0.11 during the same quarter last year.

Net sales increased 4.3% over the year-ago period to $35.6 million, with the auto-parts wholesaler saying it benefited from improving economic conditions and rising consumer confidence.

In other sector news,

(+) TMHC, (-8.8%, hit fresh 52 week lows) Homebuilder posts Q2 earnings of $0.27 per share, ex items, beating estimates by $0.11. Revenue climbs 59.8% over year-ago levels to $508.86 mln, surpassing Street view by $19.7 mln.

(-) SEAS, (-4%, but $2 above day lows) Reports Q2 earnings of $0.41 per share, ex items, trailing estimates by $0.06. Revenues slides 3.4% from the same quarter last year to $411.3 mln, also missing the consensus by $23.2 mln. Lowers FY13 revenue guidance by $10 mln, trailing consensus view.

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: CRV

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