Sector Update: Consumer

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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 OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: REV , PNRA , PBI

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