Top Consumer Shares:
Consumer shares were generally higher in pre-market trade
In consumer sector news, Sinclair Broadcast Group (
) reported net income of $27.2 million, or $0.27 per diluted share,
beating Cap IQ estimates of $0.17 per share. This compares to
earnings of $0.20 for the same quarter last year.
Total revenue came in at $412.6 million versus estimates of $403
million, up from $283 million for Q1 2013.
Meanwhile, the company declared a quarterly dividend of $0.15,
unchanged from the prior quarter.
And, Brewing company Molson Coors Brewing (
) reported Q1 results above analysts' expectations, boosted by
strength in its Canada and U.S. businesses.
Net income attributable to the company jumped to $163.4 million,
or $0.88 per share, from $28.5 million, or $0.16 per share, a year
earlier. Excluding one-time items and discontinued operations, the
company earned $0.55 per share in underlying after-tax income, up
from $0.26 per share a year earlier and well above the $0.35
per-share mean estimate of analysts polled by Capital IQ.
Finally,, Lincoln Educational Services (
) reported better-than-expected financial results for Q1, and
provided mixed guidance for Q2.
The provider of career-oriented post-secondary education
reported Q1 net loss per share of $0.49 from continuing operations,
including $0.21 a valuation allowance of deferred tax assets,
compared with net loss per share from continuing operations of
$0.24 for the same period in 2013. Excluding the impact of the
valuation allowance, non-GAAP loss was $0.28 per share. The Capital
IQ consensus estimate is for $0.56 loss per share.
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