Consumer stocks were higher this afternoon with shares of
consumer staples companies in the S&P 500 climbing about 0.1%.
Shares of consumer discretionary firms in the S&P 500 were up
In company news, Delta Air Lines (
) was falling Monday despite reporting positive growth in a key
revenue metric last month and projecting continued growth during
the current quarter.
The airline said passenger revenue per available seat mile rose
3.0% during July over year-ago levels. It also sees the same
measurement climbing between 2% to 4% year over year during the
quarter ending in September.
Overall, DAL passengers flew 19.97 billion miles last month,
with domestic travel rising 4.7% over July 2013 levels.
International travel climbed just 0.3% last month, it said.
DAL shares were down about 1.5% at $37.02 in afternoon trade,
giving up an early 1% gain followed by a slide to a session low of
$36.45 a share. The stock has traded in a 52-week range of $18.53
to $42.66 a share, advancing nearly 70% over the past 12
In other sector news,
(+) TSRYY, (+4.6%) KKR (
) and Rhone Capital boost non-binding buyout offer by 50 cents to
$5.20 per share in cash.
(-) KORS, (-6.7%) Fiscal Q2 EPS outlook trails estimates by at
least $0.02 per share. Revenue guidance lags Street by at least
$580,000. Q1 EPS beats by $0.10, revenue also tops Street. Raises
FY15 EPS guidance by $0.15, topping estimates by at least
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