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Sector Update: Consumer Stocks Ending Solidly in the Black; Harley-Davidson Posting Big Gain After Topping Q3 Profit Forecast

Top Consumer Stocks

WMT +1.22%

MCD -0.64%

DIS +2.35%

CVS +1.69%

KO -6.58%

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.

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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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