Sector Update: Consumers


Consumer shares were fairly flat in pre-market trade Thursday.

In consumer sector news, Wal-Mart ( WMT ) 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 billion.

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 5.0 percent.

Also, Crocs ( CROX ) reported a smaller-than-expected Q4 adjusted loss and higher-than-expected revenue, as it forecast Q1 revenue below analysts' estimates.

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 ( DTV ) 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.

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

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

This article appears in: Investing , Commodities

Referenced Stocks: WMT , CROX , DTV

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