Markets

Sector Update: Consumer Shares Mixed Pre-Market; Radio Shack Plunges 14% on Q1 Results

Top Consumer Shares:

WMT: flat

MCD: flat

DIS: +0.02%

CVS: flat

KO: -0.10%

GE: -0.33%

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

In consumer stocks news, Burlington Stores ( BURL ) reported fiscal Q1 earnings that exceeded analysts expectations but set a FY14 and Q2 guidance below that of the Street.

The retailer of branded apparel said adjusted earnings in the quarter ended May 3 rose to $18.6 million $0.25 per pro forma diluted share from $6.1 million or $0.08 the year earlier, exceeding the average estimate of $0.22 from analysts polled by Capital IQ. Sales rose 5.9% to $1.13 billion in line with the average estimate.

And, Radioshack ( RSH ) shares fell in Tuesday's pre-market session, after the consumer-electronics retailer reported a wider-than-expected net loss for its fiscal Q1 while revenue also missed the Street forecast.

RSH was down 14% at $1.32 in recent pre-market trading , nearing the low end of its 52-week range of $1.12 to $4.36.

Finally, Christopher & Banks ( CBK ) reported fiscal Q1 earnings that exceeded analysts' expectations and said it expects growth in Q2 sales compared to the estimate for no change.

The specialty women's apparel retailer said earnings in the quarter ended May 3 jumped to $2.62 million or $0.07 per share from $629,000 or $0.02 the year earlier, exceeding the $0.02 average estimate from analysts polled by Capital IQ.

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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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