Sector Update: Consumer Shares Mixed: Best Buy Soars 15% Pre-Market


Top Consumer Shares:

WMT: -0.15%

MCD: +0.13%

DIS: +0.05%

CVS: flat

KO: +0.34%

GE: +0.08%

Consumer shares are mixed in pre-bell trading. Best Buy ( BBY ) shares are surging 15.1% at $35.36 as it reports Q2 revenue of $9.3 billion, down slightly from $9.339 billion recorded in the year ago quarter but ahead of the analyst consensus of $9.11 billion on Capital IQ. Non-GAAP EPS was $0.32, up from $0.26 per share last year and ahead of the Street view of $0.11 per share, if comparable.

And J.C. Penney ( JCP ) is up 2.7% as it reports Q2 sales of $2.66 billion, down from $3.02 billion in the year ago quarter and below the analyst consensus of $2.77 billion on Capital IQ. Adjusted loss was $2.16 per share. The Street view was a loss of $1.14 per share.

Tesla ( TSLA ) shares are up 2.1% at $148.00 after its Model S achieved a perfect score on an independent test by the National Highway Traffic Safety Administration. Only 1% of cars achieve the perfect score. Tesla received a five-star rating in every category.

American Woodmark Corporation ( AMWD ) reported first quarter 2014 net income (excluding special items) of $6.7 million, or $0.43 per diluted share, compared to $1 million, or $0.07 per diluted share, in the same period last year. AMWD is flat at $31.73 in pre-market.

Net sales rose by 20% compared with the Q1 of the prior fiscal year to $178.1 million. The company experienced growth in both the remodel and new construction sales channels during the first quarter of fiscal year 2014, led by new construction growth of more than 40%. No analyst estimates were available for comparison.

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: AMWD , BBY , JCP , TSLA

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