Markets

Consumer Sector Update for 06/14/2016: CCE, EGT

Top Consumer Shares:

WMT: +0.4%

MCD: flat

DIS: flat

CVS: flat

KO: flat

GE: -0.1%

Consumer shares were mainly unchanged ahead of the opening bell on Tuesday.

In consumer stocks news, Coca-Cola European Partners ( CCE ) said Tuesday it expects FY16 earnings and revenues to grow from a year earlier on a comparable and currency-neutral basis.

Specifically, the distributor of soft drinks in Europe said it expects net sales growth in a low single-digit range with EPS growth in the mid-teen range versus FY15. Full-year operating income is expected to grow in the mid-single-digit range compared to FY15.

Shares in the company were 0.6% higher at $38.18 pre-bell. The stock has traded between $37.73 and $54.54 over the past 52 weeks.

And Entertainment Gaming Asia ( EGT ), a gaming machine leasing company, said its board has approved a voluntary stock option exchange program for employees, directors and other participants.

Shares in the company were flat at $2.06 pre-bell. The stock has traded between $1.32 and $3 over the past 52 weeks.

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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