Consumer stocks were ending lower Tuesday with shares of
consumer staples companies in the S&P 500 sinking about 0.5%.
Shares of consumer discretionary firms in the S&P 500 were down
In company news, Dex Media (
) shares rose to an eight-month high Tuesday after the online and
printed directories company reported a big jump in its Q1 revenue
compared to year-ago levels.
Operating revenue during the three months ended March 31 rose
58.3% from the same quarter last year to $456 million. It also
recorded a a GAAP net loss of $82 million, or $4.74 per share,
trailing its $59 million net loss last year.
No analyst estimates were available for comparison.
DXM shares were ahead nearly 27% at $9.68 each in late trade,
just 10 cents below its session high and matching some of its
highest share prices since last September. The stock has a 52-week
range of $4.30 to $23.86 a share, declining 16.5% in value over the
past 12 months.
In other sector news,
(+) ODP, Reports non-GAAP EPS of $0.07 following a 60.2% rise in
Q1 revenue to $4.35 mln. The Street was looking for a $0.03 per
share adjusted profit on $4.28 bln. Also plans to close at least
400 stores, saving around $75 million annually.
(-) MED, Q1 revenue declines 9.9% to $86.5 mln, trailing
consensus view by $1.1 mln. EPS of $0.45 beats by $0.08 per share.
Q2 EPS and revenue forecasts lag Street by at least $0.15 per share
and $10.33 mln, respectively.
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