Consumer Sector Update for 02/08/2019: COTY, SKX, MAT, WMT, MCD, DIS, CVS, KO

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Top Consumer Stocks:

WMT: -0.28%

MCD: -0.34%

DIS: -0.41%

CVS: -0.38%

KO: - Flat

Consumer stocks were trading lower pre-bell Friday.

Early movers include:

(+) Coty ( COTY ), which was more than 25% higher upon reporting fiscal Q2 adjusted earnings of $0.24 per share, down from $0.32 per share in the prior-year period but higher than the $0.22 per share Street estimate provided by Capital IQ.

(+) Skechers USA ( SKX ) was up 20% as it booked Q4 adjusted earnings that topped but revenue that missed Wall Street expectations. Adjusted EPS increased to $0.31 for the December quarter, from $0.21 a year earlier. That exceeded the $0.23 average estimate of analysts surveyed by Capital IQ.

(+) Mattel ( MAT ) was advancing by almost 17% as it swung to a surprise profit in the fourth quarter, beating expectations, as an improvement in operating income in the final three months of 2018 was considered the best quarterly result in nine years. Reported earnings per share surged to $0.04 during the three months ended Dec. 31, versus a reported loss of $0.82 a year ago and a $0.17 average loss estimate compiled by Capital IQ.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Business , Commodities
Referenced Symbols: COTY , SKX , MAT , WMT , MCD

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