Top Consumer Stocks
Consumer stocks were rising, with shares of consumer staples companies in the S&P 500 climbing fractionally while shares of consumer discretionary firms in the S&P 500 were ahead 0.4%.
Among consumer stocks moving on news:
(+) Scientific Games (SGMS) was surging Wednesday, climbing more than 17%, after the casino and lottery equipment company reported a 3% increase in revenue to $837 million during its Q1 ended March 31 from $812 million during the same quarter last year and beating the Capital IQ consensus by $4.7 million.
In other sector news:
(+) Match Group (MTCH) was posting a 13% advance after late Tuesday reporting Q1 net income and revenue exceeding Wall Street forecasts. The online dating platforms company earned $0.42 per share during Q1, exceeding the analyst consensus expecting no change from its year-ago loss of $0.33 per share. Revenue rose 14% over the same quarter last year, also beating the $463.69 million consensus call.
(-) Lyft (LYFT) dropped about 7% after the ride-sharing service narrowed its adjusted Q1 net loss compared with the same quarter last year, reporting a net loss of of $9.02 per share for the three months ended March 31, excluding one-time items, improving on an $11.40 per share non-GAAP loss last year but still missing the Capital IQ consensus expecting an adjusted net loss of $1.07 per share. It also projected Q2 revenue ahead of the Street consensus.
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