Sector Update: Consumer Shares Mixed Pre-Market; Ruth's Hospitality Q4 Earnings Top Street View

By Staff,

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Top Consumer Shares:

WMT: -0.69%

MCD: -0.05%

DIS: flat

CVS: +0.03%

KO: +0.46%

GE: +0.52%

Consumer shares were mixed in pre-market trade Friday.

In consumer sector news, Ruth's Hospitality ( RUTH ) reported mixed financial results for Q4, with earnings that topped analysts' expectations while revenue fell short.

Net income was $4.2 million, or $0.12 per diluted share, in the quarter compared with net income of $3.7 million, or $0.10 per diluted share, in the same quarter in 2012.

Excluding charges and income from discontinued operations, Q4 earnings were $0.21 per share, ex one-time items, compared with the Capital IQ analyst estimate of $0.18. In the prior-year period, the company posted $0.18 EPS.

And, post-secondary education services provider Strayer Education Inc. ( STRA ) says Q4 2013 adjusted diluted EPS was $1.32 versus the Capital IQ consensus of $0.98.

Revenue totaled $124.1 million, down 13% from last year's $141.9 million. The average analyst estimate was $119 million, according to Capital IQ.

Finally, ( WBAI ) reported Q4 net revenues rose year-over-year.

Non-GAAP earnings were $0.15 per ADS and revenue was $15.9 million, up 38.9% quarter-over-quarter. The Street consensus was $0.12 per ADS in earnings on revenue of $15.4 million.

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

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: RUTH , STRA , WBAI

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