Sector Update: Consumer

By Staff,

Shutterstock photo

Consumer shares are lower in pre-bell trading.

In consumer earnings news, The Estee Lauder Companies ( EL ), which sells a range of skincare, beauty and perfume products, is up about 3% pre-market as it says adjusted fiscal Q1 EPS slipped to $0.76 from $0.79 a year ago, but beat the consensus on Capital IQ by three cents.

Net sales rose 5% to $2.68 billion, just shy of forecasts for $2.7 billion.

And, Lancaster Colony ( LANC ) reports net sales reached $286 million, off 2% from prior-year Q1 sales of $291 million. Net income of $24.8 million, or $0.91 per diluted share, decreased from the prior-year's $26.6 million, or $0.98 per diluted share.

Analysts expected $1.03 per share on $297 million in revenue.

Finally, MGM Resorts ( MGM ) is down 3% at $19.60 as it reports Q3 EPS loss of $0.07 and revenue of $2.5 billion, versus the analyst consensus of a loss of $0.03 on revenue of $2.4 billion.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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

This article appears in: Investing Commodities
Referenced Stocks: EL , LANC , MGM

More from MT Newswires


MT Newswires

MT Newswires

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by