Sector Update: Consumer


Consumer shares were generally higher in pre-market trade Wednesday.

In consumer sector news, Revlon ( REV ) reported Q1 sales that slightly exceeded analysts views and swung to a profit on the bottom line after a loss the year earlier.

The maker of cosmetics, hair color and other beauty products said its Q1 net income from continuing operations was $8.7 million or $0.17 per diluted share compared to a loss of $4.5 million or $0.08 per share a year ago. The company didn't provide an adjusted earnings figure and no analyst estimates were available for comparison.

Sales meanwhile rose to $469.8 million from $325.9 million, topping the $464 million consensus estimate.

And, Panera Bread ( PNRA ) shares were down 5% pre-market after the restaurant chain provided a fiscal Q2 EPS forecast below Wall Street consensus after hours Tuesday.

The St. Louis, Missouri-based company projects EPS to be in the range of $1.70 to $1.76 in the current quarter. The average estimate of 24 analysts was for EPS of $1.86, according Capital IQ data.

The company also narrowed its full-year EPS target to $6.80 to $7.00. Analysts are looking for $6.93.

Finally, Pitney Bowes ( PBI ) reported Q1 earnings that topped views by one cent while sales were slightly shy of analysts' expectations.

The software, hardware and services provider said its Q1 adjusted earnings rose 15% to $0.42 per share compared to the $0.41 average estimate from analysts polled by Capital IQ. Sales rose 3% to $937 million, shy of the $944 million consensus estimate.

Net income attributable to shareholders meanwhile fell to $44.67 million or $0.22 per diluted share from $67.51 million or $0.33 per share.

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

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

This article appears in: Investing , Commodities

Referenced Stocks: REV , PNRA , PBI

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