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Consumer Stocks Mostly Down Before CLose; Sotheby Lower After Q2 Results Lag Street

Top Consumer Stocks,

WMT +0.12%

MCD -0.31%

DIS -1.45%

CVS -0.99%

KO -0.50%

Consumer stocks are lower with shares of consumer staples companies in the S&P 500 sinking 0.4%. Shares of consumer discretionary firms in the S&P 500 are sliding 0.7%.

In company news, Sotheby's ( BID ) is down 3.3% at $43.43 a share after the auction house reporting Q2 earnings of $1.33 per share, up from a $1.24 gain in the year-ago period but missing analyst estimates by $0.04.

Revenue rose just 0.2% over year-ago levels, trailing the analyst consensus by $13.3 million.

In other sector news,

(+) COOL, Launches GMS Entertainment, an online-gambling venture, investing $3.5 mln to $4.5 mln and acquiring operations and certain assets from Orid Media and Pariplay Ltd. New investor Yuri Goldfinger buys 3.3 mln shares priced at $0.60 each, generating $2 mln.

(-) CAR, Q2 revenue rises 7.3% over year-ago quarter to $2.01 mln, trailing estimates by $10 mln. Earns $0.50 per share, $0.02 better than the consensus view. Guides FY13 EPS in-line, reaffirms FY13 revenue outlook. Launches $200-mln stock buyback program.

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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