Sector Update: Consumer

By Staff,

Shutterstock photo

Consumer shares were generally flat to higher Wednesday.

SeaWorld Entertainment ( SEAS ) shares tanked 26% after the entertainment company reported weaker-than-expected Q2 results, with earnings and sales missing consensus estimates of analysts polled by Capital IQ. It posted Q2 adjusted net income of $37.4 million, or $0.43 per diluted share, compared to net income of $36.5 million, or $0.41 per diluted share in Q2 2013. Analysts were expecting EPS of $0.60 per share.

Hillshire Brands ( HSH ), a food-products company, reported fiscal Q4 results above analysts' expectations. Hillshire reported adjusted income of $42 million, or $0.33 per diluted share, up from $33 million, or $0.26 per diluted share, a year earlier, and above the $0.26 per share expected on average by analysts polled by Capital IQ. HSH was up 0.2% recently at $62.80, in a 52-week range of $30.35 to $62.90.

Ford Motor ( F ) shares were up 1.2% at $17.42 after the auto maker's stock was upgraded to a buy rating from a hold by analysts at Stifel Nicolaus. The price target on the stock has been set at $22 a share, about 28% higher than its Tuesday closing price.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: SEAS , HSH , F

More from MT Newswires


MT Newswires

MT Newswires

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by