Top Consumer Shares:
Consumer shares were mixed in pre-market trade on Thursday.
In consumer stocks news, IHS (
) Thursday reported net income of $55.5 million, or $0.81 per
share, for Q2 ended May 31 versus a net income of $42.9 million, or
$0.65 per share, a year earlier. On an adjusted basis, net income
was $100.9 million, or $1.47 per share, up from last year's
adjusted net earnings of $83.5 million, or $1.26 per share, beating
the Capital IQ consensus of $1.44.
Revenue rose to $568 million from $418.1 million. The average
analyst estimate was for revenues of $550 million, based on the
Capital IQ survey.
And, Pier 1 Imports (
) shares were down after it reported net income of $15.1 million,
or $0.16 per share, for Q1 ended May 31, down from a net income of
$20.3 million, or $0.19 per share, in the comparable period last
year. The average analyst estimate based on the Capital IQ survey
was for EPS of $0.20.
The importer of imported decorative home furnishings and gifts
generated sales of $419.1 million, up from $394.9 million in the
year-ago quarter, versus the Capital IQ consensus of $423
Company comparable sales rose 6.3% due to increases in total
brand traffic, conversion and higher average ticket.
Finally, Harley-Davidson (
) said it is launching an electric motorcycle, promoting it in the
U.S. now although it is not for sale yet. HOG is trading with a
52-week range of $49.15 to $74.13.
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