Markets

Sector Update: Consumer Shares Mixed Pre-Market

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Top Consumer Shares:

WMT: +0.13%

MCD: -0.08%

DIS: +0.48%

CVS: flat

KO: +0.05%

GE: +0.64%

Consumer shares were generally higher in pre-market trade Monday.

In consumer sector news, Cache ( CACH ) reported a Q1 loss that was larger than analysts had expected and reported sales that were below the average Street view.

The specialty chain of women's apparel stores said its Q1 loss was $10.8 million or $0.51 per share, an improvement on the $17.8 million or $1.33 per share the year earlier. Excluding a $0.01 per share charge, the net loss was $0.50 per share, compared to the $0.35 average estimate from analysts polled by Capital IQ.

And, Brookfield Office Properties (BPO, BPO.TO) reported Q1 funds from operations of $156 million, or $0.27 per share, beating estimates of $0.24 per share, but down from $167 million, or $0.29 per share (less items) for the same quarter last year.

Net income attributable to common shareholders in Q1 2014 was $93 million, or $0.15 per diluted share, compared with $275 million or $0.48 per diluted share during the same period in 2013.

Finally, Bridgepoint Education ( BPI ) reported preliminary results for Q1 ended March 31, 2014.

The provider of post-secondary education services sees $4.4 million, or $0.10 per share, in net loss for the quarter on revenues of $160.5 million. The Capital IQ consensus is for net loss of $0.01 per share on revenues of $170 million.

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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