Sector Update: Consumer Shares Lower; Mattel Sinks 11% on Q4 Earnings Miss


Top Consumer Shares:

WMT: -0.94%

MCD: -0.85%

DIS: -1.32%

CVS: +0.40%

KO: -0.86%

GE: -1.45%

Consumer shares were generally lower in pre-bell trading Friday along with the broader stock market.

In consumer sector news, Mattel ( MAT ) was down 11% after it reported Q4 EPS of $1.07, below the analyst consensus of $1.20 per share on Capital IQ. Sales were $2.11 bln, missing the Street view of $2.36 bln.

The company noted sales were mostly down, with worldwide sales off 6% from last year; North American gross sales down 10%; and international gross sales flat with last year.

And, Wal-Mart ( WMT ) was down 1% after it said it expects underlying Q4 EPS at or slightly below the low end of its guidance range of $1.60 to $1.70. For the full year 2014, it expects underlying EPS at or below the low end of its guidance range of $5.11 to $5.21 per share. The analyst consensus on Capital IQ calls for Q4 earnings of $1.65 and earnings of $5.19 per share for the year.

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

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: MAT , WMT

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