Top Consumer Shares:
Consumer shares were generally higher in pre-market trade
In consumer sector news, SeaWorld Entertainment (
), a theme park and entertainment company, priced an offering by
the selling stockholders affiliated with The Blackstone Group
The selling stockholders are offering 15,000,000 shares of
SeaWorld Entertainment's common stock at a price of $30.00 per
share. In addition, the selling stockholders have granted the
underwriters a 30-day option to purchase up to an additional
2,250,000 shares from the selling stockholders.
The selling stockholders will receive all of the net proceeds
from the offering. No shares are being sold by SeaWorld
And, CarMax (
) was down 5% after it reported fiscal Q4 earnings and sales that
were short of earnings estimates and also announced a $1 billion
expansion to the share buyback program, bringing the total
-including the remainder on the previous program - to $282.1
The used-vehicle retailer said earnings in the quarter ended
Feb. 28 fell to $99.21 million or $0.44 per diluted share from
$107.22 million or $0.46. EPS was diluted in Q4 by $0.08 due to
changes in accounting, without which EPS would have been $0.52 per
share, still missing the $0.53 average estimate from analysts
polled by Capital IQ.
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