Sector Update: Consumer Stocks Flat Pre-Bell; Church & Dwight Beats Analysts' Q2 EPS Projection
Top Consumer Shares:
Consumer shares are flat in pre-bell trading. In stocks news, Host Hotels & Resorts ( HST ) reported net income for Q2 increased $58 million, or 92.1%, and diluted earnings per share of $0.16 per share. Analysts expected $0.16 per share on $1.4 billion in revenue. HST is flat at $18.16 in pre-market trade.
For fiscal 2013, Host Hotels & Resorts expects net income to range from $265 million to $290 million with earnings from about $0.34 to $0.38, just short of the Street consensus of $0.39.
And, Church & Dwight ( CHD ) reported net income for Q2 2013 of $86.6 million or $0.61 per share, compared to net income of $79.3 million or $0.56 per share for the same period in 2012. Reported net sales for Q2 increased 13.1% to $787.6 million. Earnings per share increased 8.9%. Analysts expected $0.60 per share on $792 million.
Church & Dwight reaffirms its full year 2013 earnings per share outlook of $2.79, a 14% increase on a reported basis. That's just short of the $2.80 per share the Street expects. CHD is flat at $65.04 in pre-market trade.
And, Johnson Outdoors Inc. ( JOUT ) reported Q3 2013 net income of $13.7 million, or $1.37 per share, on revenues of $129.8 million. In the same period last year, net income was $9 million, or $0.91 per share, on revenues of $128.6 million. No analyst estimates were available for comparison. JOUT is flat at $25.87.