Sector Update: Consumer


Consumer shares were generally flat in pre-market trade Monday.

In consumer sector news, Ocean Bio-Chem ( OBCI ), a manufacturer and distributor of appearance, performance, and maintenance products for marine, automotive, power sports, recreational vehicle and outdoor power equipment, reported mixed financial results for Q4.

OCBI reported Q4 earnings of $0.04 per share, compared with the prior-year period's $0.05 per share. Revenue was $7.8 million, up from $6.9 million in the same quarter last year.

And, Cal-Maine Foods ( CALM ) on Monday reported stronger earnings for Q3 ended March 1, 2014, primarily driven by a sharp increase in net sales. It also boosted its cash dividend for the quarter.

The egg distributor said net income was $42.9 million, or $1.77 per diluted share, up from $30.6 million, or $1.27 per diluted share, a year earlier. An analyst had called for earnings of $1.31 per diluted share, according to Capital IQ. Net sales rose to $395.5 million from $360.4 million, topping the $358 million analyst forecast.

Finally, SORL Auto Parts ( SORL ) reported Q4 sales of $55.3 million, in line with the single analyst estimate on Capital IQ. Earnings were $0.05 per share, but this may not be comparable to the estimate of $0.19 per share.

For the fiscal year 2014, management reiterates its outlook for net sales to be approximately $225.0 million and net income to be approximately $12.5 million.

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.

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

This article appears in: Investing , Commodities

Referenced Stocks: OBCI , CALM , SORL

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