Top Consumer Stocks
Consumer stocks are mixed with shares of consumer staples
companies in the S&P 500 currently down about 0.2%. Shares of
consumer discretionary firms in the S&P 500 are now up around
In company news, Chinese online marketplace 58.com Inc. (
) is on track to finish its first day as a publicly traded company
about 50% above where it started, with American depository shares
up 52.3% at $26 apiece in late Thursday market action.
WUBA shares climbed as high as $27 each after the company
earlier priced an initial public offering of 11 million ADS at
$17.00 each, generating $187 million in gross proceeds.
Underwriters also have 30-day options to buy up to 1.65 million
additional ADS to cover possible overallotments.
Each ADS represents two class A ordinary shares of the
In other sector news,
(+) EXPE, 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, 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
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