Consumer shares were fairly flat in pre-market trade
In consumer stocks news, food-and-beverage company Pepsico (
) reported fiscal Q2 results above analysts' expectations Wednesday
and boosted its forecast for 2014 core earnings-per-share
For the 12 weeks ended June 14, 2014, net income attributable to
the company was $1.98 billion, or $1.29 per share, compared with
$2.01 billion, or $1.28 per share, for the 12 weeks ended June 15,
2013. Affecting the per-share comparison, there was a 2.2%
reduction in the number of shares outstanding.
And, Whirlpool (
) reported Q2 adjusted EPS of $2.62, below the analyst consensus of
$2.91 per share on Capital IQ. Revenue was $4.7 billion, below
expectations of $4.84 billion.
For 2014, the company cut its EPS view to a range of $11.50 to
$12 per share, from its prior outlook of $12 to $12.50 and below
the analyst view of $12.16 per share.
Finally, Delta Air Lines (
) shares edged higher in Wednesday's pre-market session, after the
air-transportation company reported Q2 earnings above analysts'
consensus despite lower-than-expected revenue, and CEO Richard
Anderson said he expects the company's Q3 results to be "even
DAL was up 1.4% at $38.20 in recent
, in a 52-week range of $18.53 to $42.66.
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