Consumer Sector Update for 02/17/2017: MCHX,TRUE,AAN

Top Consumer Stocks

WMT -0.08%

MCD +0.22%

DIS -0.83%

CVS +0.20%

KO 0.00%

Consumer stocks have turned slightly higher Friday afternoon, with shares of consumer staples companies in the S&P 500 posting a 0.3% gain in recent trade while shares of consumer discretionary firms in the S&P 500 were 0.1% higher, reversing small morning declines.

In company news, Marchex ( MCHX ) declined Friday after the company last night reported a GAAP Q4 net loss of $5.7 million, or $0.14 per share, compared with a $1.2 million year-ago profit. The mobile advertising analytics company swung to FY16 net loss on a GAAP basis, also reversing a bottom-line profit during the prior-year period.

Excluding one-time items, however, the net loss for the three months ended Dec. 31 increased to $0.04 per share from a $0.03 per share adjusted net loss during the same quarter last year but still beating the $0.06 per share net loss Wall Street was expecting. Q1 GAAP revenue fell almost 23% from year-ago levels to $28.4 million, also topping the $26.06 million Capital IQ consensus.

Marchex is projecting at least $22.5 million in revenue for its Call Marketplace media product during the three months ending March 31, trailing the $25.65 million consensus. It also is modeling an adjusted Q1 net loss before interest, taxes, depreciation and amortization of between $3.0 million to $3.5 million, which includes up to $1.5 million in expected restructuring costs.

MCHX shares were down over 8% at $2.82 each in recent trade, previously dropping to a session low of $2.75 a share.

In other sector news,

(+) TRUE, (+9.2%) Narrows adjusted Q4 net loss to $0.01 per share from $0.06 in year-ago period and exceeding analyst mean expecting $0.05 per share net loss. Revenue rises 17% to $74.1 mln, topping $71.32 mln Street view. Projected Q1, FY17 revenue both beat respective consensus estimates.

(-) AAN, (-10.6%) Q4 net sales fall 3.2% to $794.95 mln, missing the $814.8 mln Capital IQ consensus and upstaging above-consensus $0.50 per share Q4 profit. Sees FY17 net income between $2.15 to $2.40 per share, lagging Street by at least $0.06 per share.

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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