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MSG

Consumer Sector Update for 02/06/2015: BECN, MSG

Top Consumer Shares:

WMT: flat

MCD: -0.25%

DIS: +0.05%

CVS: flat

KO: flat

GE: +0.49%

Consumer shares were mixed in pre-market trade Friday.

In consumer stocks news, Beacon Roofing Supply ( BECN ) reported fiscal Q1 2015 results that missed Street forecasts on EPS but topped slightly on revenues.

Net income for Q1 was $12.9 million, down from $15.0 million in 2014.

And, The Madison Square Garden Company ( MSG ), owner of sports, entertainment, and media assets and venues, reported fiscal Q2 2015 results that beat the Street view on EPS and total revenues. Results were buoyed by a 10% increase in MSG Sports revenues which included the favorable impact of The Garden being fully open during the quarter.

Q2 net income of $61.2 million, or $0.78 per share, was up from $60.5 million, or $0.77 per share, in the same period a year ago and topped analyst estimates of $0.71 per share.

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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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