Sector Update: Consumer

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Consumer shares are mixed in pre-bell trading. Dollar General Corporation ( DG ) shares are up 4.6% in pre-market as it reported Q2 EPS of $0.77 on net sales of $4.4 billion, up from $3.9 billion a year prior. Analysts polled by Capital IQ expected $0.74 per share in earnings on $4.4 billion in revenue.

EPS for the fiscal year 2013 is expected to be approximately $3.15 to $3.22. Analysts expect $3.21.

And, Navistar ( NAV ) shares are down 3% as it says Q3 loss from continuing operations was $2.94 per share, wider than the Thomson Reuters mean for a loss of $1.30. Sales were $2.9 billion, below forecasts for $2.9225 billion.

And, Jarden ( JAH ) shares are down 3% pre-market after it says it has commenced an underwritten public offering of 11.6 million shares of its common stock. The company expects to grant the underwriters an option for a period of 30 days to purchase up to an additional 1.74 million shares of common stock.

Net proceeds from the offering will be used to fund a portion of the purchase price and related fees and expenses for the recently announced acquisition of Yankee Candle Investments LLC.



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.

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


This article appears in: Investing , Commodities

Referenced Stocks: DG , JAH , NAV

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As of 11/21/2014, 04:15 PM

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