Top Consumer Shares:
Consumer shares are generally mixed in pre-bell trading. Shares
in The Washington Post (
) are up 5% pre-market after Amazon.com's Jeffrey Bezos agreed to
buy the company for $250 million late Monday. AMZN is not involved
in the transaction.
Washington Post shares are rising above a 52-week high of
$577.00 set Monday.
And, Michael Kors Holdings (
) shares are up 6% to $72.30 in pre-market trading after saying
fiscal Q1 earnings rose to $0.61 per share from $0.34 the year
earlier, exceeding the $0.41 average Capital IQ analyst estimate.
Total revenue rose 54.5% to $640.9 million, well ahead of the $572
For fiscal Q2, Michael Kors expects total revenue between $695
million and $705 EPS is expected to be in the range of $0.62 to
$0.64. Analysts are expecting Q2 sales of $701 million and EPS of
For fiscal 2014, the company now expects total revenue in the
range of $2.8 billion to $2.9 billion assuming comparable store
sales rising 20%. Diluted EPS is seen between $2.67 and $2.69.
Analysts are expecting FY14 sales of $2.9 billion and EPS of
Finally, CVS (
) reports adjusted Q2 EPS increased 19.6% to $0.97. Net revenues
for the Q2 2013, increased 1.7%, or $534 million to $31.2 bln.. The
analyst consensus on Capital IQ was for earnings of $0.96 per share
on revenue of $31.1 bln.
Narrowed 2013 full-year Adjusted EPS range to $3.90 to $3.96 and
it provided Q3 Adjusted EPS guidance of $1.00 to $1.03. The Street
view is $3.98 per share for the year and $0.97 per share for Q3.
CVS shares are down 0.2$ at $61.50.
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