Consumer Stocks Retreating Tuesday; Dex Media Climbs to 8-Month High After Big Jump in Q1 Revenue

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Consumer stocks were ending lower Tuesday with shares of consumer staples companies in the S&P 500 sinking about 0.5%. Shares of consumer discretionary firms in the S&P 500 were down 1.2%.

In company news, Dex Media ( DXM ) shares rose to an eight-month high Tuesday after the online and printed directories company reported a big jump in its Q1 revenue compared to year-ago levels.

Operating revenue during the three months ended March 31 rose 58.3% from the same quarter last year to $456 million. It also recorded a a GAAP net loss of $82 million, or $4.74 per share, trailing its $59 million net loss last year.

No analyst estimates were available for comparison.

DXM shares were ahead nearly 27% at $9.68 each in late trade, just 10 cents below its session high and matching some of its highest share prices since last September. The stock has a 52-week range of $4.30 to $23.86 a share, declining 16.5% in value over the past 12 months.

In other sector news,

(+) ODP, Reports non-GAAP EPS of $0.07 following a 60.2% rise in Q1 revenue to $4.35 mln. The Street was looking for a $0.03 per share adjusted profit on $4.28 bln. Also plans to close at least 400 stores, saving around $75 million annually.

(-) MED, Q1 revenue declines 9.9% to $86.5 mln, trailing consensus view by $1.1 mln. EPS of $0.45 beats by $0.08 per share. Q2 EPS and revenue forecasts lag Street by at least $0.15 per share and $10.33 mln, respectively.



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: DXM

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