Markets
IEP

Consumer Sector Update for 02/29/2016: TASR,FDML,TOUR

Top Consumer Stocks

WMT +0.20%

MCD +0.21%

DIS +0.56%

CVS +0.06%

KO +0.30%

Consumer stocks were slightly higher this afternoon, with shares of consumer staples companies in the S&P 500 growing about 0.1% while shares of consumer discretionary firms in the S&P 500 were advancing over 0.1%.

In company news, TASER International Inc. ( TASR ) advanced Monday after reporting better-than-expected Q4 net income and revenue in addition to the launch of a new $50 million stock buyback program.

On a GAAP basis, the company earned $0.09 per share, beating the Street view by $0.05 per share. Revenue grew 19.7% over year-ago levels to $56 million, easily exceeding the $50.7 million Capital IQ xonsensus.

TASR shares were up almost 11% at $19.35 apiece, earlier topping out today at $20.69 a share.

In other sector news,

(+) FDML, (+%) Auto parts seller receives buyout proposal from Icahn Enterprises ( IEP ) worth $7 a share, a 40.5% premium over Friday's closing price.

(-) TOUR, (-14.0%) Excluding one-time items, company losses came to $0.79 per share, on $292.6 million during the period. Analysts, on average, had been expecting $0.44 per share net loss on $291.2 mln in revenue.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

IEP TOUR

Other Topics

Commodities

Latest Markets Videos