Markets

Sector Update: Consumer

Consumer stocks were adding to earlier gains Thursday afternoon with shares of consumer staples companies in the S&P 500 climbing about 0.4%. Shares of consumer discretionary firms in the S&P 500 were ahead 0.8%.

In company news, Vapor Corp ( VPCO ) tumbled Thursday to its lowest share price in more than 14 months, falling below $3 a share for the first time since May 2013 after the e-cigarette maker reported a wider Q2 loss and lower revenue compared with year-ago levels, trailing expectations of the lone analyst now following the stock.

The company this morning posted a Q2 net loss of $1.1 million, or $0.06 per share, expanding on a $54,650 net loss during the same quarter last year and trailing the analyst estimate looking for a break-even quarter by the company.

Revenue declined 1.6% year over year to $6.1 million, lagging the analyst conclusion by around $1.9 million.

VPCO shares were down nearly 25% at $3.13 apiece in late trade, earlier Thursday slipping to a low of $2.84 a share. Over the past 12 months, the stock has retreated about 24.2% through yesterday's close.

In other sector news,

(+) ORLY, Authorizes additional $500 mln for stock buyback, increasing its share repurchase program to $4.5 bln over the next three years.

(-) NDLS, Q2 adjusted EPS of $0.12 trails Street view by $0.03 per share. Revenue rises 11.5% to $99.5 mln, lagging consensus by $3.46 mln. Lowers expected EPS growth to flat from prior guidance of 25%. Analysts looking for 18% growth this year.

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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