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Consumer Sector Update for 01/26/2017: EBAY,RCL,MAT

Top Consumer Stocks

WMT +0.13%

MCD +0.38%

DIS +0.54%

CVS +0.18%

KO -0.53%

Consumer stocks were trading on both sides of their break-even marks Thursday, with shares of consumer staples companies in the S&P 500 falling about 0.2% while shares of consumer discretionary firms in the S&P 500 were posting a nearly 0.3% advance.

In company news, eBay ( EBAY ) rose to within 1% of its 52-week high on Thursday after the online auction-house reported adjusted Q4 net income exceeding Wall Street expectations.

Excluding one-time items, the company earned $0.54 per share during the October-to-November period and topped the Capital IQ consensus by $0.01 per share. Revenue rose 3.1% over year-ago levels to $2.4 billion, matching the Street view. It added 2 million new active buyers across all of its platforms to a total of 167 million.

For the current quarter, eBay is projecting adjusted per-share earnings between $0.46 to $0.48, lagging the analyst mean by at least $0.02 per share. It also sees Q1 revenue in a range of $2.17 billion to $2.21 billion, missing expectations by at least $10 million.

The company also issued a below-consenus FY17 outlook, projecting adjusted net income of $1.98 to $2.03 per share, trailing the Street call by at least $0.04 per share. Revenue this year is seen coming in between $9.3 billion to $9.5 billion, missing the Capital IQ analyst consensus by at least $70 million.

EBAY shares were up 5% at $31.74 each, starting out today with an early-morning spike to $33.19 a share, stopping only 34 cents shy of its 52-week high.

In other sector news,

(+) RCL, (+8.6%) Adjusted Q4 EPS of $1.23 beats by $0.02 per share. Revenue rises 0.4% to $1.91 bln, topping the $1.97 bln consensus. Guides Q1, FY17 earnings and revenue above Street views.

(-) MAT, (-16.4%) Q4 net income of $0.52 per share misses by $0.19 per share. Revenue drops 8.3% from year-ago levels to $1.83 bln, also lagging the $1.98 bln consensus.

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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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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