Sector Update: Consumer Shares Lower in Pre-Market; Coldwater Creek Down 19% Pre-Market

By Staff,

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Top Consumer Shares:

WMT: -0.09%

MCD: -0.05%

DIS: -0.02%

CVS: flat

KO: -0.34%

GE: -0.17%

Consumer shares are lower in pre-bell trading. Restoration Hardware Holdings Inc. ( RH ) is lower after the specialty retailer reported adjusted Q2 earnings of $0.49 per share, up from a $0.33 gain last year and beating analyst forecasts by $0.06 per share, according to Capital IQ.

And Coldwater Creek Inc. ( CWTR ) is trading 18.6% lower at $2.23 in pre-market as the women's retailer reports a Q2 loss of $0.72 per share, excluding special items, missing Capital IQ estimates for a loss of $0.63, and deeper than a loss of $0.62 per share for Q2 2012.

Revenues of $149.7 million also missed analyst consensus of $162.8 million, and were lower compared with $163.7 million the comparable quarter of 2012.

Finally, Oxford Industries ( OXM ) is down 6% at $60.80 in pre-market trade as it reports Q2 sales of $235 million, vs. the analyst consensus of $241.5 million on Capital IQ. Adjusted EPS was $1.01, vs. expectations of $0.98 per share.

For FY 2013, the company expects EPS of $2.90 to $3.05 on sales of $920 to $930 million, vs. the analyst consensus of $3.12 per share in earnings on $941.5 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: CWTR , OXM , RH

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