Sector Update: Consumer Shares Fairly Flat; Walgreen Sinks on Q1 Results

By Staff,

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Top Consumer Shares:

WMT: flat

MCD: flat

DIS: +0.14%

CVS: flat

KO: +0.10%

GE: +0.11%

Consumer shares are mixed in pre-bell trading today.

In consumer sector news, Walgreen ( WAG ) is down about 2% as it says Q1 adjusted EPS were $0.72, meeting the Thomson Reuters mean estimate.

Walgreen sales were $18.3 billion, compared with forecasts for $18.34779 billion.

And, Cruise ship operator Carnival Corporation ( CCL ) has been upgraded by analysts at Credit Suisse to Outperform from Neutral. The upgrade follows the company's quarterly results.

The firm also raised its price target on the stock to $43 from $30.

Shares of CCL have spiked 3.52% to $39.39 in the pre-market session, moving toward the top of their 52-week frame of $31.44 - $39.95.

Finally, Finish Line ( FINL ) is up more than 8% after it reported net sales increased 7% to $364.5 million. Earning were $0.06 per share.

Analysts expected net sales of $353 million and earnings of $0.01 per share.

For the fiscal year ending March 1, 2014, Finish Line now expects comparable store sales to increase approximately 3%-4% .

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: CCL , FINL , WAG

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