Sector Update: Consumer Shares Flat to Higher; Goodyear Drops 3% on Earnings

By Staff,

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Top Consumer Shares:

WMT: flat

MCD: +0.03%

DIS: +0.65%

CVS: flat

KO: -0.15%

GE: -0.04%

Consumer shares are flat to higher in pre-bell trading.

In consumer earnings news, JetBlue Airways ( JBLU ) said Q3 net income was $71 million, or $0.21 per diluted share, up from $45 million, or $0.14 per diluted share a year ago and in line with Capital IQ forecasts.

JetBlue Q3 operating revenues rose 10.4% of $1.4 billion, also in line with expectations.

And, Goodyear Tire ( GT ) is down 3.3% at $21.32 in pre-market after posting its earnings figures. Q3 EPS came in at $0.68, ahead of the Capital IQ consensus of $0.66. Revenue was $5.0 billion, short of the $5.3 billion estimate. The company said it grew Q3 profit due to a favorable price mix on raw materials and some lower unabsorbed productions costs.

The company maintains its previous guidance.

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: GT , JBLU

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