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Sector Update: Consumer Shares Higher Pre-Market; Delta Up 4% on Q4 Results

Posted
1/21/2014 9:11:00 AM
By: MT Newswires
Referenced Stocks:DAL;LWAY

Top Consumer Shares:

WMT: +0.21%

MCD: +0.54%

DIS: +0.23%

CVS: flat

KO: +0.48%

GE: +0.41%

Consumer shares are firmly higher in pre-bell trading today.

In consumer sector news, Delta Air Lines ( DAL ) rose nearly 4% in pre-market trade after saying its Q4 earnings was $0.65 per share, exceeding the Capital IQ analyst consensus estimate by one cent. Total operating revenue rose 6% to $9.08 billion compared to the $9.1 billion consensus estimate.

For Q4, the airline expects to record an operating margin of 6%-8% and for the fuel price to average between $2.97 and $3.02. System capacity is expected to increase 2%-3%.

And, Lifeway Foods ( LWAY ) released preliminary financial results for Q4 2013 net sales of $26.30 million, beating analyst's forecasts of $23.40 million.

Fourth quarter gross sales increased approximately 26% $28.8 million compared to $22.9 million in the same period last year.

Full year 2013 gross sales increased approximately 21% to $108.2 million compared to $89.8 million last year.