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AZO

Sector Update: Consumer

Consumer stocks were ending lower today with shares of consumer staples companies in the S&P 500 slipping about 0.2%. Shares of consumer discretionary firms in the S&P 500 were down nearly 1.4%.

In company news, AutoZone ( AZO ) was set to finish lower Monday despite reporting fiscal Q4 per-share earnings that beat analyst projections.

The auto-parts retailer earned $11.28 per share during the quarter, up from a $9.76 per share profit last year and beating the Street view by $0.03 per share. Net sales rose 4.5% year over year to $3.0 billion, in line with the Capital IQ consensus. Domestic same store sales were up 2.1% for the quarter.

AZO shares were off more than 4% at $504.90 apiece in late trade, earlier sinking to a session low of $500.21 a share. The stock has traded within a 52-week range of $408.90 to $561.62 a share, climbing about 26% over the past 12 months heading into today's trading.

In other sector news,

(+) CLX, Announces plans to shutter its Corporacion Clorox de Venezuela SA unit, concluding the business is no longer viable because of government restrictions. Reaffirms in-line FY15 EPS forecast of $4.35 to $4.50. Street is at $4.41 per share.

(-) COCO, Late Friday discloses two more criminal probes - a federal grand jury subpoena in Florida related to employee conduct along with another subpeona in Georgia seeking documents on job placement, attendance and graduation rates.

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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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