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Sector Update: Consumer
By: MT Newswires
Consumer shares are higher in pre-bell trading, as several major companies report quarterly earnings.
In consumer stocks news, recreation vehicles maker Winnebago Industries, Inc. ( WGO ) is up more than 7% pre-market after it reported Q4 2013 net income of $0.38 per share, down from $1.41 per share a year ago. Adjusted EPS was $0.14 per diluted share. It's unclear which number is comparable to the consensus estimate of $0.28 on Capital IQ.
Revenues for the period were $214.2 million, an increase of 31.8% from $162.5 million in the same period last year. Analysts had expected $214 million in revenues.
And, Philip Morris ( PM ) reports Q3 EPS of $1.44, in line with the analyst consensus on Capital IQ. Revenue was $7.9 bln, matching the Street view.
For 2013, the company expects EPS in the range of $5.35 to $5.40, including about $0.04 per share in items. The Street view is $5.43 per share.