Markets

Sector Update: Consumer

Consumer shares were flat to higher in pre-market trade Friday.

In consumer stocks news, Johnson Controls ( JCI ), which provides thermostat technology, reported Q3 earnings beat the Street view, while revenue met expectations.

Johnson Controls had earnings of $0.84 per share and Q3 revenue of $10.8 billion, versus the Street view of $0.83 per share and $10.8 billion in revenue according to Capital IQ estimates.

And, Hub Group ( HUBG ) late Wednesday posted mixed financial results for Q2, or the quarter ended June 30, 2014, with earnings in line with analysts' expectations, while revenue falling short of the Street consensus.

The asset-light freight transportation management company reported Q2 income of $18.7 million or $0.51 per share, compared with $18.61 million or $0.50 per share in the prior-year period. The Capital IQ analyst estimate is for $0.51 per share.

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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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