Sector Update: Consumer Shares Mixed Pre-Market; Tiffany Up on Q3 Results

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Top Consumer Shares:

WMT: -0.04%

MCD: +0.10%

DIS: flat

CVS: flat

KO: flat

GE: -0.15%

Consumer shares are mixed in pre-bell trading along with the broader stock market.

Among them, Hormel Foods ( HRL ) 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. ( TIF ) 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 share.

Finally, Movado Group, Inc. ( MOV ) 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 $183.59 million.



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: HRL , MOV , TIF

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