Top Consumer Stocks:
Consumer majors were mixed in Thursday's pre-bell trade.
Stocks moving on news include:
(+) RH (RH), which was surging by more than 25% after it reported fiscal Q1 results that topped Wall Street expectations and boosted its outlook for its current fiscal year. Adjusted EPS increased 53% to $1.85 for the period ended May 4, from $1.21 a year earlier.
(+) Netshoes (Cayman) (NETS) was up more than 9% after the company announced an amended merger deal with Magazine Luiza, which includes an increase in the purchase price to $3.70 per share from $3.00 per share.
(+) Lululemon Athletica (LULU) was advancing more than 6% after reporting Q1 earnings of $0.74 per share, up from $0.55 per share in the year-ago quarter and better than the analyst consensus of $0.70 per share on Capital IQ. Revenue was $782.3 million, up 20% from Q1 last year and ahead of expectations of $756 million.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.