Consumer stocks are ending mixed with shares of consumer staples
companies in the S&P 500 slipping 0.1% while shares of consumer
discretionary firms in the S&P 500 are up nearly 1.2%.
In company news, Safeway (
) is down 3.2% at $32.92 a share, climbing nearly $1.50 off its
worst levels of the session with grocery chain dogged by rumors an
activist investor has a negative outlook on the company.
Shares also were pressured today following reports SWY has begun
talks with several unions representing its employees with simmering
worries over a potential strike.
In other sector news,
(+) GRPN, Acquires Korean ecommerce company Ticket Monster for
$100 mln in cash and $160 mln in stock. Q3 EPS of $0.02, ex items,
meets estimates but revenue lags by 3.4%. Guides Q4 earnings,
revenue in-line with Street view.
(-) TRMR, Posts Q3 revenue and adjusted EPS that missed Wall
Street expectations. It also provided downside guidance for Q4 and
FY13, forecasting revenue trailing analyst estimates by at least
$8.05 mln and $10.01 mln, respectively.
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