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Consumer Sector Update for 07/17/2019: NUS, YTRA, EBIX, HTHT, WMT, MCD, DIS, CVS, KO


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Top Consumer Stocks:

WMT: +0.21%

MCD: Flat

DIS: +0.10%

CVS: +0.82%

KO: +0.02%

Consumer heavyweights were mostly trading higher pre-bell Wednesday.

Stocks moving on news include:

(-) Nu Skin Enterprises ( NUS ), which was retreating more than 21% after saying it now expects Q2 revenue between $622 and $623 million and earnings per share of $0.82 to $0.84 on weakness in China. Analysts polled by Capital IQ expected EPS of $0.94 on revenue of $672.27 million for the quarter. Its Q2 results are due on Aug. 6.

(+) Yatra Online ( YTRA ) was gaining more than 17% in value after it agreed to be acquired by software firm Ebix, Inc. ( EBIX ) in a deal with an enterprise value of $337.8 million. Ebix, meanwhile, was recently declining by more than 1%.

(-) China Lodging Group ( HTHT ) was declining more than 5% after reporting preliminary results for the hotel operation in the second quarter ended June 30. Blended occupancy rate fell 270 basis points year over year to 86.9% while blended average daily room rate gained 4.4% to CNY236 ($34.31). Blended revenue per available room increassed 1.3% to RMB206.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Business , Commodities
Referenced Symbols: NUS , YTRA , EBIX , HTHT , WMT



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