Sector Update: Consumer

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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.



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This article appears in: Investing , Commodities

Referenced Stocks: EL , LANC , MGM

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