Sector Update: Consumer Shares Higher Pre-Market

By Staff,

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Top Consumer Shares:

WMT: +0.20%

MCD: +0.42%

DIS: +0.42%

CVS: flat

KO: -0.44%

GE: +0.64%

Consumer shares were generally higher in pre-market trade Monday.

In consumer sector news, Ecolab Inc. ( ECL ) reported Q1 earnings and revenue that matched analyst estimates.

The water and sanitary chemicals company said Q1 adjusted earnings rose 23% from a year earlier to $0.74, matching the consensus estimate measured by Capital IQ. Revenue gained 16% from the prior year to $3.33 billion, also matching estimates.

The company repeated its 2014 adjusted earnings growth forecast of 16% to 19% from a year earlier to $4.10 to $4.20 a share, compared with the consensus forecast of $4.18.

Ecolab closed at $105.23 a share on Friday. It reached an all-time high of $111.83 on March 11.

And, LIN Media ( LIN ) has reported Q1 2014 results, including net income per diluted share of $0.03, up from a net loss per diluted share of $0.02 in Q1 2013 but missing analyst estimates of $0.06, if comparable. Net revenues increased 18% to $166.2 million compared to $141 million in Q1 2013, shy of the analyst predictions of $165.37 million.

The company expects that net revenues for Q2 will increase in the range of 13% to 16% (or $21.7 million to $26.7 million), as compared to net revenues of $164.3 million in the second quarter of 2013, primarily as a result of growth in time sales, digital revenues and retransmission consent fees.

Finally, Carter's ( CRI ), seller of children's apparel, on Monday reported Q1 2014 net income of $34.3 million, or $0.63 per diluted share, down from a net income of $41.4 million, or $0.69 per diluted share, in the same period last year. On an adjusted basis, net income was $39.9 million, or $0.73 per diluted share, down from last year's $47.7 million, or $0.79 per diluted share. The average analyst estimate was for adjusted diluted EPS of $0.71.

Consolidated net sales increased 10.3% year-over-year to $651.6 million, topping the Capital IQ consensus of $649.6 million.

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 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: ECL , LIN , CRI

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