Consumer Sector Update for 04/09/2015: TASR,PIR,ZNGA
Top Consumer Stocks
Consumer stocks were mixed Thursday afternoon, with shares of consumer staples companies in the S&P 500 climbing less than 0.1% while shares of consumer discretionary firms in the S&P 500 were down about 0.2%.
In company news, TASER International ( TASR ) advanced Thursday after saying it received an order from the London Police Department for 178 of the company's AXON body cameras as well as a one-year subscription to the EVIDENCE.com data-storage service.
The order was received and shipped during the first three months of 2015, TASR said, adding it represents the company's first significant sale of the devices in the UK.
TASR shares were ahead more than 8% at $27.20 apiece in mid-day trade, starting again to approach its session high of $27.43 a share. The stock has traded within a 52-week range of $10.46 to $28.30 a share, already rising more than 50% prior to Thursday's price gain.
In other sector news,
(+) PIR, (+11.9%) Adjusted Q4 EPS of $0.39 tops consensus by $0.03 per share but net sales miss by around $4.4 mln. Same-store sales rise 6.4% during the quarter, beating analyst estimates looking for 6.1% growth.
(-) ZNGA, (-15.0%) CEO Don Mattrick announces plan to step down, effective April 8, and will be replaced by company found and board chairman Mark Pincus. Mattrick also will resign from the ZNGA board.
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