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Sector Update: Consumer Shares Lower in Pre-Market; Coldwater Creek Down 19% Pre-Market
By: MT Newswires
Top Consumer Shares:
Consumer shares are lower in pre-bell trading. Restoration Hardware Holdings Inc. ( RH ) is lower after the specialty retailer reported adjusted Q2 earnings of $0.49 per share, up from a $0.33 gain last year and beating analyst forecasts by $0.06 per share, according to Capital IQ.
And Coldwater Creek Inc. ( CWTR ) is trading 18.6% lower at $2.23 in pre-market as the women's retailer reports a Q2 loss of $0.72 per share, excluding special items, missing Capital IQ estimates for a loss of $0.63, and deeper than a loss of $0.62 per share for Q2 2012.
Revenues of $149.7 million also missed analyst consensus of $162.8 million, and were lower compared with $163.7 million the comparable quarter of 2012.
Finally, Oxford Industries ( OXM ) is down 6% at $60.80 in pre-market trade as it reports Q2 sales of $235 million, vs. the analyst consensus of $241.5 million on Capital IQ. Adjusted EPS was $1.01, vs. expectations of $0.98 per share.
For FY 2013, the company expects EPS of $2.90 to $3.05 on sales of $920 to $930 million, vs. the analyst consensus of $3.12 per share in earnings on $941.5 million.