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Consumer Sector Update for 10/24/2018: IRBT,TRVG,HLT,SIX


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Top Consumer Stocks

WMT +0.95%

MCD -0.35%

DIS -3.43%

CVS -0.94%

KO +1.61%

Consumer stocks were broadly mixed, with shares of consumer staples companies in the S&P 500 rising over 1.3% this afternoon while shares of consumer discretionary firms in the S&P 500 were falling more than 1%.

Among consumer stocks moving on news:

(-) iRobot ( IRBT ) tumbled Wednesday, falling more than 15% at one point. The robotic vacuum cleaner company reported higher Q3 financial results that also beat Wall Street expectations.

In other sector news:

(+) Trivago NV ( TRVG ) climbed as much as 26% on Wednesday after the hotel reservations company swung back to a profit in Q3 from a-year-ago loss and raised its 2018 earnings guidance. .

(-) Hilton Worldwide Holdings ( HLT ) was down 5.4% on Wednesday, reversing a gain soon after the opening bell after the hotel chain announced adjusted Q3 earnings of $0.77 per share, improving on its $0.56 per share non-GAAP profit in the year-ago period and topping the Capital IQ consensus by $0.02 per share.

(-) Six Flags Entertainment ( SIX ) declined Wednesday, falling as much as 14%, after reporting Q3 net income and sales lagging analyst forecasts.

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: IRBT , TRVG , HLT , SIX



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