Top Consumer Shares:
Consumer shares were flat to lower in pre-market trade
In consumer stocks news, McCormick & Company, (
), which makes spices, flavors and condiments, reported Q2 earnings
that beat estimates and said it sees its full-year results as
likely to hit the upper end of its target range.
Earnings per share rose 8% to $0.64 from $0.59 in the year-ago
period. According to Capital IQ, analysts had been expecting
Sales rose to $1.03 billion from $1 billion in the year-ago
period, just ahead of forecasts for $1 billion.
And, Winnebago (
) reported Q3 earnings that beat the Street consensus while revenue
Diluted earnings per share increased 55.6% to $0.42 per share
from $0.27 per share a year prior. Revenues for the fiscal 2014 Q3
were $247.7 million, an increase of 13.5%, versus $218.2 million
for the fiscal 2013 Q3.
Analysts expected earnings of $0.41 per share and revenue of
$257 million, according to Capital IQ estimates.
Finally, Accenture (
) shares declined slightly in Thursday's
, despite higher-than-expected fiscal Q3 results from the provider
of management consulting, technology services and outsourcing, as
the company also lowered the high end of its earnings guidance for
the year below analysts' consensus.
For the quarter ended May 31, net income attributable to the
company rose to $817.3 million, or $1.26 per share, from $810.3
million, or $1.21 per share, a year earlier. Excluding one-time
items, the prior-year earnings were $1.14 per share. Analysts
polled by Capital IQ were looking for a profit of $1.21 per share
for the latest quarter.
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