Sector Update: Consumers

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Consumer shares were generally mixed in pre-market trade Tuesday.

In consumer sector news, Swift Transportation ( SWFT ) expects Q1 adjusted EPS in the range of $0.11 to $0.13, below the analyst consensus of $0.21 per share on Capital IQ.

The lower than expected adjusted EPS in Q1 is primarily related to the severe weather experienced throughout the quarter and its effect on overall volume, fuel and maintenance expense, as well as insurance and claims expense, the company said. Given that approximately 60% of Swift's volume is east of the Rockies, the weather impact was substantial and will be discussed in more detail in its letter to stockholders, which will be published on April 24, 2014.

And, Ford Motor Company ( F ) says it sold 103,815 vehicles in China in March, up 28% from a year prior, according to several reports.

While sales increased, the rise was not as great as in February, when sales rose 67% year-over-year.

F shares were up 0.63% at $15.94 in pre-market trade, with a 52-week range of $12.15 to $18.02.



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This article appears in: Investing , Commodities

Referenced Stocks: SWFT , F

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