Sector Update: Consumer

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Consumer shares were mixed in pre-bell trading on Wednesday.

In consumer sector news, Beacon Roofing Supply ( BECN ) reported fiscal Q1 earnings that missed analysts' expectations due to average lower selling prices.

Earnings in the quarter ended Dec. 31 slipped to $0.30 per share from $0.37 the year earlier and coming in below the $0.35 average estimate from analysts polled by Capital IQ. Meanwhile sales rose 7.5% to $552.1 million, nevertheless missing the $573 million consensus estimate.


And, paper products manufacturer Domtar Corporation (UFS, UFS.TO) says it had earnings (excluding special items) of US$68 million, $2.09 per share, for Q4 2013. The Street was looking for earnings of $1.53, according to Capital IQ.

This was after higher raw material costs have been offset by several factors, including lower costs for maintenance and higher prices for paper and pulp.



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This article appears in: Investing , Commodities

Referenced Stocks: BECN

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