Sector Update: Consumer Shares Higher


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Top Consumer Shares:

WMT: -0.3%

MCD: +0.2%

DIS: +0.6%

CVS: +0.4%

KO: 0.5%

GE: +0.5%

Consumer shares were generally flat to higher Wednesday.

SeaWorld Entertainment ( SEAS ) shares tanked 26% after the entertainment company reported weaker-than-expected Q2 results, with earnings and sales missing consensus estimates of analysts polled by Capital IQ. It posted Q2 adjusted net income of $37.4 million, or $0.43 per diluted share, compared to net income of $36.5 million, or $0.41 per diluted share in Q2 2013. Analysts were expecting EPS of $0.60 per share.

Hillshire Brands ( HSH ), a food-products company, reported fiscal Q4 results above analysts' expectations. Hillshire reported adjusted income of $42 million, or $0.33 per diluted share, up from $33 million, or $0.26 per diluted share, a year earlier, and above the $0.26 per share expected on average by analysts polled by Capital IQ. HSH was up 0.2% recently at $62.80, in a 52-week range of $30.35 to $62.90.

Ford Motor ( F ) shares were up 1.2% at $17.42 after the auto maker's stock was upgraded to a buy rating from a hold by analysts at Stifel Nicolaus. The price target on the stock has been set at $22 a share, about 28% higher than its Tuesday closing price.

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

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This article appears in: Investing , Commodities
More Headlines for: SEAS , HSH , F

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