Sector Update: Consumer Shares Flat to Lower; Express Sheds 20% on Q3 Results

Comment

Shutterstock photo

Top Consumer Shares:

WMT: -0.63%

MCD: -0.38%

DIS: flat

CVS: flat

KO: -0.42%

GE: -0.38%

Consumer shares are flat to lower in pre-bell trading as investors absorb data from Cyber Monday sales.

Full-service restaurant company Bob Evans Farms Inc. ( BOBE ) is down 6% pre-market after it reported late Tuesday its financial results for Q2 2014. It also provided updated earnings guidance for fiscal 2014, which now incorporates accretion from expected impact of share repurchases.

Non-GAAP net income was $9.5 million, or $0.35 per share, on net sales of $332.6 million. Analysts polled by Capital IQ had expected earnings of $0.55 per share on revenues of $339 million.

And, Sears ( SHLD ) is down in pre-bell trade following reports that CEO Eddie Lampert cut his stake in the company to 48.4% from 55.4%.

Finally, Express Inc. ( EXPR ) shares are down 19% now at $20.00 after it said its Q3 diluted earnings rose to $0.23 per share from $0.20 the year earlier, slightly shy of the $0.25 average Capital IQ analyst estimate. Sales rose 7% to $503 million, coming in just ahead of the $500 million consensus estimate.

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 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Commodities
More Headlines for: BOBE , EXPR , SHLD


More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com