Top Consumer Shares:
Consumer shares were mixed in pre-market trade Tuesday.
In consumer stocks news, Coach (
) shares were up 3.8% after the handbag retailer reported fiscal Q4
results above the Street view.
For the quarter ended June 28, Coach posted net income of $75.3
million, or $0.27 per diluted share, down from $221.3 million, or
$0.78 per diluted share a year prior.
In other consumer stocks news, Office Depot (
) shares were up after it reported Q2 sales of $3.8 billion,
matching the mean Bloomberg estimate. It lost an adjusted $0.02 per
share, meeting forecasts.
Office Depot now expects to generate adjusted operating income
of not less than $200 million in 2014 compared with its prior
outlook of not less than $160 million. The company is still
expecting to close at least 400 U.S. locations by end 2016.
Finally, Topeka Capital Markets analysts have raised their price
target on shares of Time Warner Inc. (
) to $71 from $70, while maintaining a hold rating on the
The price target increase comes as the media and entertainment
company is expected to release its Q2 earnings report later
Shares of TWX trade within a 52-week frame of $57.64 -