Sector Update: Consumer Shares Lower Pre-Market; Michael Kors Inches Down on Quarterly Earnings

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Top Consumer Shares:

WMT: flat

MCD: -0.03%

DIS: -0.45%

CVS: +2.53%

KO: -0.30%

GE: -0.08%

Consumer shares are generally lower in pre-bell trading while Michael Kors ( KORS ) reports Q2 net income was $145.8 million, or $0.71 per diluted share. Revenue increased 38.9% to $740.3 million from $532.9 million.

Analysts expected $0.68 per share on $727 million in revenue. The company expects Q3 total revenue to be in the range of $845 million to $855 million.

And, CVS ( CVS ) is up about 3% in pre-market trade as it reports adjusted EPS increased 28.1% to $1.09. The Street view was $1.02 per share.

Revenue increased 5.8%, or $1.7 billion, to $32.0 billion, beating expectations of $31.5 billion.

Finally, vehicle rental company Hertz Global Holdings, Inc. ( HTZ ) reported late Monday Q3 2013 adjusted diluted EPS of $0.73, ahead of the Capital IQ consensus by $0.02. Year-ago adjusted diluted EPS was $0.63. Worldwide revenues rose 22% year-over-year to $3.1 billion, in line with analysts' estimate.

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

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This article appears in: Investing , Commodities
More Headlines for: CVS , HTZ , KORS


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