Sector Update: Consumer Shares Mixed Pre-Market; Domtar Q4 Earnings Top Street View

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Top Consumer Shares:

WMT: +0.01%

MCD: -0.20%


DIS: -0.73%

CVS: +0.02%

KO: -0.11%

GE: flat

Consumer shares were mixed in pre-bell trading on Wednesday.

In consumer sector news, Beacon Roofing Supply ( BECN ) reported fiscal Q1 earnings that missed analysts' expectations due to average lower selling prices.

Earnings in the quarter ended Dec. 31 slipped to $0.30 per share from $0.37 the year earlier and coming in below the $0.35 average estimate from analysts polled by Capital IQ. Meanwhile sales rose 7.5% to $552.1 million, nevertheless missing the $573 million consensus estimate.

And, paper products manufacturer Domtar Corporation (UFS, UFS.TO) says it had earnings (excluding special items) of US$68 million, $2.09 per share, for Q4 2013. The Street was looking for earnings of $1.53, according to Capital IQ.

This was after higher raw material costs have been offset by several factors, including lower costs for maintenance and higher prices for paper and pulp.



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.

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This article appears in: Investing , Commodities

Referenced Stocks: BECN

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