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Consumer Sector Update for 03/09/2016: BPI,BUFF,ZAGG

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Top Consumer Stocks

WMT -0.01%

MCD +1.11%

DIS -0.49%

CVS +1.31%

KO +0.91%

Consumer stocks were ending mixed for a second session in a row, with shares of consumer staples companies in the S&P 500 rising nearly 0.6% while shares of consumer discretionary firms in the S&P 500 were slipping about 0.1%.

In company news, Bridgepoint Education ( BPI ) was soaring during Wednesday trading after the for-profit educator late yesterday reported a surprise non-GAAP Q4 profit and revenue still beat analyst forecasts.

Excluding one-time items, the company earned $0.04 per share, down from $0.12 per share during the same quarter last year but exceeding the Capital IQ consensus expecting a net loss of $0.03 a share.

On a GAAP basis, Bridgepoint reported a net loss of $6.7 million, or $0.15 per share, expanding on $5.2 million net loss during the prior-year period.

Revenues declined 10.8% from year-ago levels to $131.4 million but still topping the Street view looking for $127.2 million in revenue.

BPI shares were up nearly 36% today at $9.19 apiece, previously climbing to session high of $9.30 a share.

In other sector news,

(+) BUFF, Adjusted EPS rises 35.2% over year-ago levels to $0.16, beating the $0.14 per share analyst consensus. Net sales climb 11.4% over last year to $265 mln, also exceeding estimates expecting $259.2 mln. Guides FY16 earnings above Street view.

(-) ZAGG, Q4 EPS of $0.18 trails $0.43 per share profit last year and missing Capital IQ consensus by $0.10 per share. Revenue drops 23.2 from last year to $78.6 mln, also falling short of the $82.9 mln 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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