Sector Update: Consumer Stocks Deep Underwater; Libbey Serves Up Better-Than-Expected Q4 EPS

By
A A A

Top Consumer Stocks

WMT -0.82%

MCD -0.91%

DIS -1.59%

CVS -0.89%

KO -0.15%

Consumer stocks were mostly lower, with shares of consumer staples companies in the S&P 500 slipping about 1.0%. Shares of consumer discretionary firms in the S&P 500 were down 1.5%.

In company news, shares of tablewares producer Libbey Inc ( LBY ) rallied Thursday after the company reported a fourfold jump in its fiscal Q4 earnings as revenue rose and margins improved on lower sales costs.

Shares were up nearly 14% at $26.27 apiece, earlier topping out at $26.63 a share. The stock has traded within a 52-week range of $17.80 to $26.00, rising almost 8% over the past 12 months.

Net income during the three months ended June 30 soared to $9.3 million, or $0.42 per share, from $1.6 million during the same quarter last year. Excluding one-time items, it earned $0.58 per share, up from a $0.34 adjusted profit last year.

Total revenue climbed 1% year over year to $221.9 million. No analyst estimates were available for comparison.

In other sector news,

(+) EVRY, (+45.2%) Receives $20 mln equity investment from Monomoy Capital Partners in return for Series A senior redeemable preferred stock with $21.2 mln liquidation preference and warrants to buy 4.43 mln shares of common stock.

(-) HGG, (-15.7%) Q1 net loss of $0.36 per share is $0.20 wider than consensus view. Revenue falls 10.0% year over year to $472.3 mln, trailing estimates by $16.76 mln. Does not expect increase from FY14 loss of $0.09 in FY15. Street expects $0.13 profit.



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.

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


This article appears in: Investing , Commodities

Referenced Stocks: LBY

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

100%

Most Active by Volume

88,363,013
  • $102.47 ▲ 2.72%
76,664,591
  • $16.60 ▲ 2.09%
75,156,840
  • $13.20 ▼ 5.71%
53,255,668
  • $40.68 ▼ 6.03%
49,564,657
  • $96.87 ▲ 2.63%
42,649,404
  • $9.26 ▲ 1.09%
37,436,329
  • $31.19 ▲ 5.05%
35,538,826
  • $28.28 ▲ 1.25%
As of 10/21/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com