Top Consumer Stocks
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Consumer stocks were posting big gains on Wednesday, with shares of consumer staples companies in the S&P 500 jumping over 1.6% while shares of consumer discretionary firms in the S&P 500 were climbing nearly 1.9%.
In company news, Canterbury Park Holding ( CPHC ) was trotting to a small gain Wednesday after the horse-racing and unbanked card games facility saw its Q4 net income and revenue rise compared with year-ago levels as a strong revenue stream from its card casino business helped offset weaker pari-mutuel revenue.
Net income rose 1.6% over the same quarter to $954,000 or $0.22 per share, during the final three months of 2015, up from $939,000 and $0.22 per share last year. Revenue rose 5.2% over year-ago levels to $10.8 million.
No analyst estimates were available for comparison.
CPHC shares were up more than 1% this afternoon at $10.48 apiece, matching its session high in light trading volume.
In other sector news,
(+) YOD, (+11.4%) Narrows Q4 net loss by $0.02 from last year to $0.08 per share. Revenue jumps to $1.6 mln from $476,000 in Q3. No analyst estimates available for comparison.
(-) VNCE, (-13.0%) Adjusted Q4 EPS of $0.01 tops consensus view expecting a break-even quarter. Revenue declines 13.6% from last year to $81.8 mln, edging out the $81.1 mln consensus. Results consistent with March 7 company pre-announcement.
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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.
