Consumer shares were generally flat to higher Wednesday.
SeaWorld Entertainment (
) 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 (
), 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
Ford Motor (
) 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.
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