Markets

Consumer Stocks Advancing; Career Education Careens To Regular Session Decline Despite Beating Q2 Estimates

A generic image of a stock chart.
Credit: Shutterstock photo

Top Consumer Stocks,

WMT -0.16%

MCD -0.22%

DIS -0.01%

CVS +0.25%

KO +0.1%

Consumer stocks are higher this afternoon with shares of consumer staples companies in the S&P 500 adding 0.5%. Shares of consumer discretionary firms in the S&P 500 are ahead about 0.8%.

In company news, Career Education Corp. ( CECO ) is down near 6% this afternoon at near $3.40 a share, giving back a 14% rise in last night's after-market that followed the for-profit educator reporting a Q2 loss from continuing operations of $0.45 per share, ex items and beating the Capital IQ consensus by $0.06 per share.

Revenue slid 19.4% year over year to $294.8 million but also topped analyst estimates by around $3.47 million.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

PRDO

Other Topics

Commodities

Latest Markets Videos