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Sector Update: Consumer Shares Higher; Coca-Cola Up on Q3 Results

Top Consumer Shares:

WMT: +1.11%

MCD: -0.22%

DIS: +0.12%

CVS: +0.10%

KO: +1.11%

GE: +0.08%

Consumer shares are higher in pre-bell trading, as several major companies report quarterly earnings.

In consumer stocks news, Coca-Cola ( KO ) reports Q3 EPS of $0.54, and comparable EPS was $0.53 per share. Items impacting comparability increased Q3 2013 reported EPS by a net $0.01 and reduced third quarter 2012 reported EPS by a net $0.01.

The analyst consensus on Capital IQ called for EPS of $0.54. Revenue was $12.03 billion, down from $12.34 billion last year. The Street was at $12.06 billion.

And Domino's Pizza ( DPZ ) fell more than 1% in pre-market trading to $68.00 after saying its Q3 adjusted, diluted earnings rose 18.6% to $0.51, coming in just below the $0.52 average Capital IQ analyst estimate.

The company said domestic same store sales rose 5.4% in Q3 while the international division's same store sales rose 5%. Total revenues rose 6.9% to $404 million, coming in just ahead of the $402 million average estimate.

And, Tesla ( TSLA ) is higher this morning after Wedbush boosted its rating on the shares to Outperform from Neutral and hiked its price target to $240 from $180 per share.

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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