Consumer shares were fairly flat in pre-market trade
In consumer sector news, Wal-Mart (
) slid 2% pre-market after it reported Q4 earnings of $1.60 per
share, down from $1.67 per share last year and a penny better than
the analyst consensus on Capital IQ. Sales were $128.8 billion, up
1.4% from last year's quarter but shy of the Street view of $129.5
Walmart U.S. grew net sales 2.4% in the quarter and comp sales
declined 0.4 percent in the 14-week period ended Jan. 31, 2014.
Comp sales for the Neighborhood Market format rose approximately
Also, Crocs (
) reported a smaller-than-expected Q4 adjusted loss and
higher-than-expected revenue, as it forecast Q1 revenue below
The company reported a Q4 net loss for the latest period of
$66.9 million, or $0.76 per share, compared with a prior-year net
loss of $3.6 million, or $0.04 per share.
Finally, Digital-television entertainment company DIRECTV (
) reported Q4 results above analysts' expectations and unveiled a
$3.5 billion share-repurchase program.
Q4 net income attributable to the company declined to $810
million, or $1.53 per share, from $942 million, or $1.55 per share,
a year earlier. On average, analysts polled by Capital IQ were
looking for $1.30 per share.
Revenue climbed 6.7% to $8.59 billion, topping analysts' mean
estimate of $8.5 billion. The company said the revenue climb was
principally due to subscriber growth at DIRECTV Latin America and
DIRECTV U.S., as well as higher average monthly revenue per
subscriber in the U.S.
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