Sector Update: Consumer


Shutterstock photo

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.

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

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

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by