Top Consumer Stocks
Consumer stocks were moderately lower this afternoon, with shares of consumer staples companies in the S&P 500 declining nearly 0.6% this afternoon while shares of consumer discretionary firms in the S&P 500 were down almost 0.2%.
Among consumer stocks moving on news:
(-) Papa John's International ( PZZA ) was down about 0.5% on Wednesday after a Delaware judge ruled the company must turn over internal documents to founder and former CEO John Schnatter in his bid to regain control of the firm following his forced resignation last July.
In other sector news:
(+) United Continental Holdings ( UAL ) was banking higher Wednesday, rising almost 7% in recent trading, after the air carrier reported adjusted Q4 net income of $2.41 per share on $10.49 billion in revenue. Analysts, on average, had been modeling for a $2.02 per share non-GAAP profit at the company on $10.34 billion in revenue.
(-) Ford Motor ( F ) fell 6% on Wednesday after the automaker said it sees FY18 net income on the low side of its October forecast expecting non-GAAP earnings in a range of $1.30 to $1.50 per share. The Street had been expected $1.32 per share, according to Capital IQ.
(-) Pearson ( PSO ) dropped 7% on Wednesday after the publisher said it is expecting non-GAAP FY19 net income in a range of 56.5 to 62.0 pence per share compared with its projected adjusted FY18 earnings of between 70.0 pence to 71.0 pence per share.
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