Sector Update: Consumer

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Consumer shares were generally lower in pre-bell trading Wednesday.

In consumer sector news, JetBlue ( JBLU ) was down 1.1% as it reports Q4 EPS of $0.14, a penny better than the analyst consensus on Capital IQ. Revenue was $1.36 bln, vs. expectations of $1.34 bln.

And, shares of auctioneer Sotheby's ( BID ) were up 4.3% in pre-bell trading after it declared a special dividend of $300 million or approximately $4.34 per share payable on 17 March 2014 to shareholders of record as of 12 February 2014.

Finally, Tupperware ( TUP ) was down 6.8% as it reports Q4 EPS of $1.81, below the analyst consensus of $1.84 per share on Capital IQ. Sales were $717 mln, south of expectations of $729 mln.

For Q1, the company expects EPS of $1.13 to $1.18, vs. expectations of $1.29 per share. Sales growth is seen down 1% to 3%.



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: BID , JBLU , TUP

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