Top Consumer Shares:
Consumer shares are mixed in pre-bell trading along with the
broader stock market.
Among them, Hormel Foods (
) reports Q4 diluted EPS of $0.58, up 18% from $0.49 per share.
Analysts expected $0.55. The company also announced a $0.12 per
share increase to the annual dividend, or 18%, making the annual
dividend $0.80 per share in 2014.
Hormel's revenue was $2.32 billion, versus the $2.3 billion
analysts expected. The company says it is setting 2014 earnings
guidance range at $2.17 to $2.27 per share. The Street expects
$2.24 per share.
And, Tiffany & Co. (
) shares are up 7% pre-market. The company reports Q3 sales of $911
mln, up 7% from year ago levels and better than the analyst
consensus of $888.5 mln on Cap IQ. Earnings were $0.73, up from
$0.49 per share last year and ahead of the Street view of $0.58 per
share, if comparable. Comp store sales rose 7%.
For FY 2013, the company expects EPS of $3.65-$3.75, vs. its
previous view of $3.50-$3.60 per share. The Street is at $3.63 per
Finally, Movado Group, Inc. (
) reported Q3 earnings of $0.89 per share, compared with the
Capital IQ analyst estimate of $0.87. In the prior-year period, the
company posted $1.34 EPS.
Revenues were $189.7 million, up 18.4% from $160.2 million in
the same quarter last year. Analysts were expecting revenues of
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.