Consumer stocks were mostly lower, with shares of consumer
staples companies in the S&P 500 slipping about 1.0%. Shares of
consumer discretionary firms in the S&P 500 were down 1.5%.
In company news, shares of tablewares producer Libbey Inc (
) rallied Thursday after the company reported a fourfold jump in
its fiscal Q4 earnings as revenue rose and margins improved on
lower sales costs.
Shares were up nearly 14% at $26.27 apiece, earlier topping out
at $26.63 a share. The stock has traded within a 52-week range of
$17.80 to $26.00, rising almost 8% over the past 12 months.
Net income during the three months ended June 30 soared to $9.3
million, or $0.42 per share, from $1.6 million during the same
quarter last year. Excluding one-time items, it earned $0.58 per
share, up from a $0.34 adjusted profit last year.
Total revenue climbed 1% year over year to $221.9 million. No
analyst estimates were available for comparison.
In other sector news,
(+) EVRY, (+45.2%) Receives $20 mln equity investment from
Monomoy Capital Partners in return for Series A senior redeemable
preferred stock with $21.2 mln liquidation preference and warrants
to buy 4.43 mln shares of common stock.
(-) HGG, (-15.7%) Q1 net loss of $0.36 per share is $0.20 wider
than consensus view. Revenue falls 10.0% year over year to $472.3
mln, trailing estimates by $16.76 mln. Does not expect increase
from FY14 loss of $0.09 in FY15. Street expects $0.13 profit.
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