Sector Update: Consumer

By Staff,

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Consumer shares are flat in pre-bell trading. Hyatt Hotels ( H ) shares are up 1% as it reports Q2 net income attributable to Hyatt was $70 million, or $0.43 per share, during Q2 2013 compared to net income attributable to Hyatt of $39 million, or $0.24 per share, during Q2 2012. It reported $1.1 billion in revenue.

And, SodaStream ( SODA ) is up 8% as it reports Q2 adjusted EPS of $0.74, vs. the analyst consensus of $0.63 per share on Capital IQ. Revenue was $132.4 million, vs. expectations of $129.7 million.

For the full year 2013, the company expects revenue to increase about 30% over 2012's $436.3 million, up from its previous guidance of a 27% increase. The company now expects full year 2013 adjusted net income, which excludes share-based compensation expense, to increase approximately 30% over the Adjusted net income of $50.0 million reported in 2012, up from its previous guidance of 27%.

Finally, Delphi Automotive ( DLPH ) shares are down 2% as it reports adjusted net income per share of $1.24 and net sales of $4.2 billion for Q2. The Street view was for $1.14 per share on $4.2 billion in net income.

For Q3, the company expects adjusted earnings of between $0.86 and $0.94 per share and between $3.9 billion to $4.05 billion in revenue. The Street view is for $1.04 per share and $4.0 billion in revenue.

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: DLPH , H , SODA

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