Sector Update: Consumer

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Consumer stocks are slightly lower today with shares of consumer staple companies in the S&P 500 slipping 0.2%. Shares of consumer discretionary stocks in the S&P are down less than 0.1%.

In company news, Quality Distribution Inc ( QLTY ) is down 5.4% after late Thursday pricing an underwritten secondary offering of 4.27 million shares of its common stock by funds affiliated with Apollo Global Management LLC, among others, at $8.60 per share - a 5.4% discount to last night's closing price.

The selling stockholders have granted 30-day options to the underwriters to purchase up to 426,974 additional shares to cover possible overallotments. QLTY did not receive any proceeds from the offering.

In other sector news,

(-) LGF, (-0.6%, having earlier hit fresh 52 week highs) Motion picture and television studio earns $0.18 per in Q1, reversing a year-ago loss and topping analyst estimates for an $0.08 gain. Revenue climbs 20.8% to $569.7 mln, also beating forecasts.

(-) NDLS, (-11%) Q2 earnings of $0.18 per share, ex items, top analyst estimates by $0.06. Revenue climbs 18.1% from the same period last year to $89.2 mln, also beating the consensus view by $1.15 mln. Guides FY13 EPS in-line.



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: QLTY

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