Top Consumer Shares:
Consumer shares are generally higher in pre-bell trading.
Elizabeth Arden (
) shares are up 0.28% at $14.25 pre-market as it said fiscal Q4
earnings fell to $0.10 per share from $0.28 a year ago, missing the
$0.33 average analyst estimate. Net sales rose 0.8% to $267.6
million, also missing the consensus of $291 million.
For Q1 2014, the company said it expects sales to be flat or
down 1% from $345 million the earlier and adjusted EPS between
$0.13 and $0.18. Both are well below the analyst consensus
estimates of sales of $363 million and EPS of $0.50.
For FY14, RDEN said it expects net sales to increase 3% to 5%
and EPS between $2.15 and $2.30, including a negative impact of
$0.19 per share due to foreign currency translation as compared to
rates for fiscal 2013. Analysts are predicting 2014 sales of $1.5
billion and EPS of $2.85. RDEN shares closed down 1.10%
And, Tesla (
) is retreating from early pre-market high of $158.49, dropping
back near $152 with the low in morning session standing at $150.40.
) yesterday reported Q2 ex-items EPS of $0.20, versus analyst
expectations of a loss of $0.17 per share, according to Capital IQ.
Revenue was $551 million, versus expectations of $385 million.
The company said Model S annualized sales could exceed 40,000
units per year by late 2014. The company expects to deliver 5,000
Model S cars in Q3 and over 21,000 units worldwide in 2013.
Finally, Cooper Tire & Rubber Company (
), which is merging with Apollo Tyres, said Q2 EPS dropped to $0.55
per share from $0.82 in the prior year quarter. Net sales were $884
million, a decrease of $174 million compared with the same period a
year ago and below The Street view for $973.3 million.
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