Consumer shares were generally higher in pre-market trade
In consumer sector news, Revlon (
) 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
Sales meanwhile rose to $469.8 million from $325.9 million,
topping the $464 million consensus estimate.
And, Panera Bread (
) shares were down 5% pre-market after the restaurant chain
provided a fiscal Q2 EPS forecast below Wall Street consensus after
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
The company also narrowed its full-year EPS target to $6.80 to
$7.00. Analysts are looking for $6.93.
Finally, Pitney Bowes (
) 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
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.