Sector Update: Narrow Losses for Consumer Stocks; Jamba Juice Meets With Q2 Results

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Consumer stocks were slightly lower Tuesday afternoon with shares of consumer staples companies in the S&P 500 slipping about 0.1%. Shares of consumer discretionary firms in the S&P 500 were down about 0.2%.

In company news, Jamba ( JMBA ) rose Tuesday after the juice retailer late yesterday reported Q2 earnings and revenue matching analyst estimates.

The company earned $0.36 per share during the quarter, unchanged from year-ago levels, while revenue declined 5.4% year over year to $6.4 million, both in-line with the Capital IQ consensus for the period.

Looking forward to FY14, JMBA is expecting same-store sales growth in a range of 2% to 4% at its company-owned locations open at least one year.

JMBA shares were ahead nearly 11% in recent trade at $13.46 apiece, earlier climbing to a session high of $13.65 a share. The stock has traded within a 52-week range of $9.58 to $15.81 a share, sliding about 15.5% in value over the past 12 months.

In other sector news,

(+) CHGG, (+17.2%) Forms strategic alliance with Ingram Content Group, the world's largest distributor of books. Break-even Q2 on 15.5% revenue growth to $64.5 mln beats by $0.01 per share. Guides Q3 revenue in-line; FY14 revenue below consensus.

(-) SALE, (-26.3%) Earns $0.08 per share during Q2, trailing Capital IQ consensus by $0.10 per share. Revenue rose 37.1% year over year to $59.5 mln, lagging estimates by around $730,000.



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This article appears in: Investing , Commodities

Referenced Stocks: JMBA

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