Consumer shares are mixed in pre-bell trading as investors
absorb data from Cyber Monday sales.
Full-service restaurant company Bob Evans Farms Inc. (
) is down 6% pre-market after it reported late Tuesday its
financial results for Q2 2014. It also provided updated earnings
guidance for fiscal 2014, which now incorporates accretion from
expected impact of share repurchases.
Non-GAAP net income was $9.5 million, or $0.35 per share, on net
sales of $332.6 million. Analysts polled by Capital IQ had expected
earnings of $0.55 per share on revenues of $339 million.
And, Sears (
) is down in pre-bell trade following reports that CEO Eddie
Lampert cut his stake in the company to 48.4% from 55.4%.
Finally, Express Inc. (
) shares are down 19% now at $20.00 after it said its Q3 diluted
earnings rose to $0.23 per share from $0.20 the year earlier,
slightly shy of the $0.25 average Capital IQ analyst estimate.
Sales rose 7% to $503 million, coming in just ahead of the $500
million consensus estimate.
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