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Consumer Sector Update for 03/13/2019: LTM,VRA,PDD


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Top Consumer Stocks

WMT +0.62%

MCD +0.31%

DIS -0.32%

CVS +3.93%

KO +0.22%

Consumer stocks were mostly higher this afternoon, with shares of consumer staples companies in the S&P 500 climbing 0.8% while shares of consumer discretionary firms in the S&P 500 were ahead 0.8%.

Among consumer stocks moving on news:

(+) LATAM Airlines ( LTM ) rose 4% on Wednesday after the Chilean passenger carrier posted a 121% increase in Q4 net income compared with the final three months of 2017, climbing to $148.7 million and beating the Capital IQ consensus expecting a $134 million profit for the October-to-December reporting period. Total revenue grew 0.8% year-over-year to $2.79 billion, also topping the $2.72 billion Street view.

In other sector news:

(+) Vera Bradley ( VRA ) soared 19% after the women's handbags and accessories company reported net income of $0.25 for its fiscal Q4 ended Feb. 2, topping both the year-ago period and the Capital IQ consensus by $0.01 per share. Net revenue fell 10.5% year over year to $118.2 million, also exceeding the $116.3 million Street view.

(-) Pinduoduo ( PDD ) slumped Wednesday, falling 16%, after the Chinese e-commerce platform reported a Q4 net loss of $0.24 per American depositary share, missing the Capital IQ consensus expecting a $0.21 per ADS loss.

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: LTM , VRA , PDD




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