Sector Update: Consumer Shares Flat To Slightly Higher; GE Leads Way After Q3

By
A A A

Top Consumer Shares:

WMT: +0.05% in pre-market.

MCD: +0.25% in pre-market.

DIS: +0.5% in pre-market.

CVS: flat

KO: +0.5% in pre-market.

GE: +2.9%

Consumer shares are flat in pre-bell trading, as several major companies report quarterly earnings.

In consumer stocks news, GE ( GE ) is up 3% at 52 week high levels in pre-market trade as it reports Q3 operating EPS of $0.36, vs. the analyst consensus of $0.36 per share on Capital IQ and the Thomson Reuters consensus of $0.35 per share. Revenue was $35.7 bln, vs. expectations of $36 bln.

Pier 1 Imports ( PIR ) announced its Board of Directors has authorized a new $200 million share repurchase program. The new share repurchase program is effective immediately and authorizes the repurchase of up to $200 million of the company's common stock in open market or private transactions.

Finally, General Motors ( GM ) worldwide sales rose 4.5% the first nine months of the year versus the same nine months last year, Bloomberg reports, citing an e-mailed statement from the company. Sales rose to 7.25 million with Q3 deliveries rising 5.5% to nearly 3.4 million.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: GE , GM , PIR

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

92%
58%
100%

Most Active by Volume

55,414,702
  • $15.38 ▼ 0.39%
38,503,210
  • $66.34 ▲ 2.26%
36,466,704
  • $8.36 ▼ 9.52%
35,253,294
  • $26.55 ▲ 1.34%
32,752,347
  • $6.55 ▲ 1.87%
31,778,001
  • $95.22 ▲ 0.19%
28,396,556
  • $51.49 ▼ 0.62%
23,800,987
  • $42.09 ▲ 0.97%
As of 7/11/2014, 04:03 PM