Sector Update: Consumer

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Consumer stocks are higher this afternoon with shares of consumer staples companies in the S&P 500 adding 0.6%. Shares of consumer discretionary firms in the S&P 500 are ahead about 0.8%.

In company news, Jack in the Box Inc. ( JACK ) is up slightly more than 3% in late trade at $41.73 a share, climbing as high as $41.91 today after reporting Q3 non-GAAP earnings of $0.41 per share, topping analyst expectations by $0.03.

Total sales of $350.33 million missed forecasts by $12.11 million.

The drive-through restaurant chain also sees FY13 per-share earnings from continuing operations of $1.72 to $1.78, excluding restructuring costs and gains from refranchising.

In other sector news,

(+) JCP, CNBC reports the retailer has begun a search for a new CEO to replace Mike Ullman, who took back the reins in April after Ron Johnson was bounced after only 17 months on the job.

(-) CECO, Reverses big after-market advance, moving lower today despite per-share Q2 net loss that beat Street view by $0.06. Revenue slid 19.4% year but also topped analyst estimates.



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.

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This article appears in: Investing , Commodities

Referenced Stocks: JACK

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