Consumer Stocks Mixed This Afternoon; Dex Media Up 15% After Reporting Improved Q4 Revenue
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Consumer stocks were mixed, with shares of consumer staples companies in the S&P 500 rising about 0.1%. Shares of consumer discretionary firms in the S&P 500 were down 0.4%.
In company news, Dex Media Inc. ( DXM ) shares were higher Thursday after the print and digital marketing company reported improved revenue its during the three months ended Dec. 31 over the same period last year.
Q4 revenue rose 43.4% year over year to $429 million. Digital advertising sales rose 5.1% over the year-ago period in Q4, helping offset a 19.1% decline in print advertising sales.
The company swung to a $576 million operating loss during the quarter, reversing a $16 million operating profit during the year-ago period. On a GAAP basis, the company recorded a $556 million net loss, or $32.29 a share, compared with a $37 million net loss last year.
No analyst estimates were available for comparison.
DXM shares were up 14.9% at $7.44 apiece in recent trade, earlier climbing to an intra-day high of $8.21. The stock has a 52-week range of $4.30 to $23.86 a share.
In other sector news,
(+) KKD, (+1.8%) Increases stock buyback to $80 mln. Sees FY15 EPS of $0.73 to $0.79, in-line with $0.77 consensus. Q4 EPS of $0.12, ex items, trails estimates by $0.01 per share. Revenue declines 4.6% to $112.7 mln, trailing consensus by $6.05 mln.
(-) MLNK, (-13.9%) Announces plans to offer $75 mln of its convertible senior notes due 2019. Net proceeds will be used for general corporate purposes, including potential acquisitions and strategic business opportunities. No deals are currently pending.