Top Consumer Stocks
Consumer stocks were mostly higher in late trading today with shares of consumer staples companies in the S&P 500 advancing about 0.3%. Shares of consumer discretionary firms in the S&P 500 were ahead nearly 1.9%.
In company news, Harley-Davidson ( HOG ) was set to finish Tuesday trading with more than a 7% advance after this morning reporting Q3 earnings beating Street estimates.
The motorcycle manufacturer posted a Q3 profit of $0.69 per share, down from a $0.73 per share gain last year but beating analyst estimates looking for $0.60 per share. Revenue declined 4.2% year over year to $1.13 billion, narrowly missing the Capital IQ consensus by around $10 million.
Dealers worldwide sold 73,217 new Harley-Davidson motorcycles during the quarter, up from 70,517 bikes sold during the year-ago quarter.
Looking forward, Harley-Davidson said it continues to expect to ship between 270,000 to 275,000 motorcycles to dealers and distributors during FY14, a 2.5% to 4.5% jump over FY13 levels.
HOG shares were ahead about 7.5% at $62.77 each in late-day trade, earlier topping out today at $63.42 a share. The stock traded in a 52-week range of $54.22 to $74.13, falling about 2%over the past 12 months through Monday's close.
In other sector news,
(+) CSL, Q3 earnings from continuing operations of $1.31 per share beating Street view by $0.10. Revenue rise 13.5% year over year to $904.1 mln, topping Capital IQ consensus by around $37.6 mln.
(-) EAT, Reports fiscal Q1 adjusted earnings of $0.50 per share on 3.8% year over year increase in revenue to $7.11 mln, matching Capital IQ consensus for top and bottom lines.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.