Consumer shares were mixed in pre-market trade Tuesday.
In consumer stocks news, Fresh Del Monte Produce (
) reported better-than-expected financial results for Q2 ended June
The fruit company posted Q2 net income of $64.3 million or $1.15
per share, compared with the prior-year period's $62 million or
$1.10 per share. Comparable net income was $66.3 million or $1.19
per share, versus $57.3 million or $1.02 per share in the same
period a year ago.
And, Reynolds American (
), the tobacco company buying rival Lorillard for $25 billion,
posted higher-than-expected Q2 earnings, though revenue fell
slightly short of forecasts.
Adjusted EPS was $0.89, up 6% from a year ago and two cents
above the analyst consensus of $0.87, according to Capital IQ. On a
GAAP basis, EPS rose 9.5% to $0.92.
Finally, Arrow Electronics (
), a provider of electronic products and services, reported fiscal
Q2 adjusted earnings above analysts' consensus estimate while
revenue was near the Street view and the company's forecast Q3
results bracketed expectations.
For the quarter ended June 28, 2014, the company posted net
income attributable to shareholders of $127.9 million, or $1.27 per
diluted share, compared with $89.9 million, or $0.86 per diluted
share, for the quarter ended June 29, 2013.
Adjusted earnings per diluted share were $1.43 in the latest
quarter, up from $1.19 a year earlier and above analysts' mean
estimate of $1.42, according to Thomson Financial.
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