Consumer stocks are mixed, with shares of consumer staple
companies in the S&P 500 little changed after earlier posting
small declines while shares of consumer discretionary stocks in the
S&P are up around 0.75%.
In company news, Majesco Entertainment (
) is down more than 7% at $0.60 per share after saying its fiscal
Q3 non-GAAP net loss widened by $0.01 compared to the year-ago
quarter to $0.09 per share while net revenues dropped 56% year over
year to $4 million.
Analysts, on average, were expecting COOL to generate a $0.01
per share net loss on $25.87 million in revenue, according to
Net sales for the gaming company through the first nine months
of FY13 are down 65% from the same period last year, with COOL now
saying it expects to report a net loss for all of FY13 with sales
also significantly trailing year-ago comparisons.
The Street is looking for COOL to report a $0.15 per share net
loss on $67.9 million in revenue during the 12 months ending in
In other sector news,
(+) FIVE, (+15.6%) Q2 net sales rise 34.9% year over year to
$117.1 million, topping estimates by $4.4 mln. Adjusted net income
was $0.11 per share, also beating the Street view by $0.02.
(-) URBN, (-9.9%) Sees Q3 same-store sales rising in the
mid-single digits, which would be at the low end of analyst
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