Top Consumer Stocks
Consumer stocks turned lower this afternoon, giving back earlier
gains, with shares of consumer staples companies in the S&P 500
falling around 0.4%. Shares of consumer discretionary firms in the
S&P 500 were down 0.1%.
In company news, Wynn Resorts (
) was higher Tuesday after the casino company reported Q2 adjusted
earnings that beat analyst projections by $0.17 per share.
Net income during the three months ended June 30 rose to $203.9
million, or $2.00 per share, from $129.8 million during the same
quarter last year. Excluding non-recurring items and
debt-extinquishment costs, its adjusted profit rose to $2.11 per
share, topping the Capital IQ consensus looking for a $1.94 per
share quarterly gain.
Revenue climbed 6% over 2013 levels to $1.41 billion, narrowly
trailing the Street view look by around $20 million. Revenue from
its Las Vegas operations rose 13% over year-ago levels while its
Macau operation only saw 3.2% year over year growth.
Also today, the company approved a Q2 cash dividend of $1.25 per
common share, payable Aug. 26 to shareholders of record on Aug.
WYNN shares were ahead 3.1% at $217.47 each, earlier climbing to
a session high of $220.50 a share. The stock has traded within a
52-week range of $126.48 to $249.31 a share, rising slightly more
than 74% over the past 12 months.
In other sector news,
(+) CPLA, Sees Q3 revenue rising 1% to 2% over year-ago levels
to a range of $101.7 mln to $102.7 mln, topping the Street view by
at least $90,000. Q2 EPS of $0.72 per share misses by $0.13.
Revenue rises 1.1% to $104.8 mln, beating by $510,000.
(-) HLF, Q2 EPS of $1.55 misses by $0.02 per share. Revenue
rises 7.1% over to $1.31 bln, trailing consensus by around $50 mln.
Raises FY14 earnings outlook to $6.17 to $6.32 per share, in-line
with Street expecting a $6.30 per share profit this year.