Top Consumer Shares:
Consumer shares were generally higher in pre-market trade Monday.
In consumer sector news, Ecolab Inc. ( ECL ) reported Q1 earnings and revenue that matched analyst estimates.
The water and sanitary chemicals company said Q1 adjusted earnings rose 23% from a year earlier to $0.74, matching the consensus estimate measured by Capital IQ. Revenue gained 16% from the prior year to $3.33 billion, also matching estimates.
The company repeated its 2014 adjusted earnings growth forecast of 16% to 19% from a year earlier to $4.10 to $4.20 a share, compared with the consensus forecast of $4.18.
Ecolab closed at $105.23 a share on Friday. It reached an all-time high of $111.83 on March 11.
And, LIN Media ( LIN ) has reported Q1 2014 results, including net income per diluted share of $0.03, up from a net loss per diluted share of $0.02 in Q1 2013 but missing analyst estimates of $0.06, if comparable. Net revenues increased 18% to $166.2 million compared to $141 million in Q1 2013, shy of the analyst predictions of $165.37 million.
The company expects that net revenues for Q2 will increase in the range of 13% to 16% (or $21.7 million to $26.7 million), as compared to net revenues of $164.3 million in the second quarter of 2013, primarily as a result of growth in time sales, digital revenues and retransmission consent fees.
Finally, Carter's ( CRI ), seller of children's apparel, on Monday reported Q1 2014 net income of $34.3 million, or $0.63 per diluted share, down from a net income of $41.4 million, or $0.69 per diluted share, in the same period last year. On an adjusted basis, net income was $39.9 million, or $0.73 per diluted share, down from last year's $47.7 million, or $0.79 per diluted share. The average analyst estimate was for adjusted diluted EPS of $0.71.
Consolidated net sales increased 10.3% year-over-year to $651.6 million, topping the Capital IQ consensus of $649.6 million.
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