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Sector Update: Consumers

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

In consumer sector news, Spirit Airlines ( SAVE ) reported Q1 2014 earnings of $37.8 million, or $0.52 per diluted share, compared to $32.8 million, or $0.45 per diluted share for Q1 2013, edging slightly past analyst estimates of $0.51 EPS.

For the Q1 2014, Spirit's total operating revenue was $437.98 million, an increase of 18.2% compared to $370.43 million in Q1 2013. The increase was primarily driven by growth in flight volume, in line with the analyst projections of $437.91 million.

Shares of SAVE are at $58.43 with a 52-week range of $ 25.33 - $63.89.

And, Archer Daniels Midland Company ( ADM ) is down 4% pre-market after the processor of agricultural commodities reported Q1 earnings that fell short of forecasts on a weak performance in its agricultural services business.

The company reported adjusted earnings per share of $0.55, up from $0.46 in the same period last year, but missing forecasts for $0.74.

Net earnings for the quarter were $267 million, or $0.40 per share, compared to $0.41 per share in the same period one year earlier. Revenue fell to $20.69 billion from $21.72 billion a year ago. That's also below forecasts for $22 billion.

Finally, Anixter International ( AXE ) reported Q1 revenue of $1.52 billion and earnings of $1.43 per share, both below the Street estimates.

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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