Consumer stocks are mostly lower today with shares of consumer
staple companies in the S&P 500 sinking 0.6%. Shares of
consumer discretionary stocks in the S&P are 0.9% lower.
In company news, Coast Distribution System Inc. (
) is up near 20% and has hit fresh 52 week highs after today
reporting GAAP net income of $0.23 per share, up from $0.11 during
the same quarter last year.
Net sales increased 4.3% over the year-ago period to $35.6
million, with the auto-parts wholesaler saying it benefited from
improving economic conditions and rising consumer confidence.
In other sector news,
(-) TMHC, (-8.8%, hit fresh 52 week lows) Homebuilder posts Q2
earnings of $0.27 per share, ex items, beating estimates by $0.11.
Revenue climbs 59.8% over year-ago levels to $508.86 mln,
surpassing Street view by $19.7 mln.
(-) SEAS, (-4%, but around $2 above day lows) Reports Q2
earnings of $0.41 per share, ex items, trailing estimates by $0.06.
Revenues slides 3.4% from the same quarter last year to $411.3 mln,
also missing the consensus by $23.2 mln. Lowers FY13 revenue
guidance by $10 mln, trailing consensus view.
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