Consumer shares were generally higher in pre-market trade
In consumer sector news, Pilgrim's Pride (
) shares were up 4.6% in pre-market after an earlier halt on a
proposal to acquire The Hillshire Brands Company (
) for $45.00 per share in cash, in a transaction valued at $6.4
And, AutoZone (
), retailer of automotive replacement parts, Tuesday reported net
earnings of $285.2 million, or $8.46 per diluted share, for Q3
ended May 10, 2014 versus net earnings of $265.6 million, or $7.27
per diluted share, a year earlier. The average analyst estimate was
for diluted EPS of $8.44, according to Capital IQ.
AZO nudged up before opening bell. It closed at $540.90
Finally, AMC Networks (
) shares could benefit from a Barron's article that pointed out the
company could make an ideal takeover target.
AMC Networks, which produces the Walking Dead, earns
double-digit earnings growth and has a good amount of free cash,
Barron's reported. AMCX trades in a 52-week range of $53.99 to
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