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Sector Update: Consumer

Consumer shares were generally mixed in pre-market trade Tuesday.

In consumer stocks news, Home Depot ( HD ) shares were up 3.7% at $86.65 after Q2 earnings and revenue beat the Street and as the company increased full-year EPS guidance

The retailer reported Q2 EPS of $1.52, up from $1.24 per diluted share in Q2 2013 and beating analyst estimates of $1.45.Total revenue of $23.81 billion was up from $22.52 billion in Q2 2013 and surpassed analyst projections of $23.61 billion for the quarter.

Comparable store sales for Q2 were positive 5.8%, and comp sales for U.S. stores were positive 6.4%.

And, Elizabeth Arden ( RDEN ) shares plunged more than 13% after it reported a fiscal Q4 adjusted loss and revenue that fell short of the Street consensus as gross profit margin was halved with steeper-than-anticipated drop in celebrity fragrance sales.

Net sales fell 28% to $191.7 million, missing analysts' mean estimate of $241.6 million. Gross profit tumbled to 21.4% of net sales from 44.4% a year earlier.

Arden said it expects "a modest improvement" in adjusted earnings for fiscal 2015.

Finally, Brinker International ( EAT ), which owns restaurant franchises Chili's and Maggiano's, has been upgraded by analysts at Wunderlich to a buy rating from a hold.

The firm also raised its price target on the stock to $55 from $52 a share.

EAT closed Monday at $47.53 and trades within a 52-week range of $38.40 to $55.45.

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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