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Consumer Sector Update for 10/19/2017: NVR,YOGA,SAH


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Consumer stocks were tipping lower again during Thursday trading, with shares of consumer staples companies in the S&P 500 declining nearly 0.2% while shares of consumer discretionary firms in the S&P 500 were sinking almost 0.3%.

In company news, homebuilder NVR Inc ( NVR ) pounded out a new, all-time high on Thursday, reaching a best-ever $3.089.01 a share, after the company reported above-consensus Q3 net income despite revenue during the latest fiscal period coming up short of Wall Street expectations.

The company earned $38.02 per share during the three months ended Sept. 30, improving on a $28.46 per share profit during the prior-year period and topping the Capital IQ consensus expecting $36.07 per share.

Revenue rose 8.4% compared with the same quarter last year to $1.67 billion, missing the $1.71 billion analyst mean.

In other sector news,

(+) YOGA, (+0.1%) Continues post-IPO buying spree, acquiring seven yoga studios in the greater Houston area from YogaOne, marking its first foray in Texas and expanding the number of U.S. locations to 62. Financial terms were not disclosed.

(-) SAH, (-8.9%) Bank of America Merrill Lynch lowers investment recommendation to Underperform from Neutral.

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: NVR , YOGA , SAH




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