Sector Update: Consumer


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 1.2%.

In company news, Dex Media ( DXM ) 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.

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 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: DXM

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