Sector Update: Consumer

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Consumer shares were fairly flat in pre-market trade Wednesday.

In consumer stocks news, food-and-beverage company Pepsico ( PEP ) reported fiscal Q2 results above analysts' expectations Wednesday and boosted its forecast for 2014 core earnings-per-share growth.

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 ( WHR ) 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 ( DAL ) 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 stronger."

DAL was up 1.4% at $38.20 in recent pre-market trading , in a 52-week range of $18.53 to $42.66.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: PEP , WHR , DAL


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