Top Consumer Stocks
Consumer stocks still were slightly higher this afternoon, with shares of consumer staples companies in the S&P 500 holding on to a 0.1% advance while shares of consumer discretionary firms in the S&P 500 also were posting a 0.1% gain.
In company news, Delta Air Lines ( DAL ) was grounded Thursday, with shares dropping as much as 3% to a session low of $53.82 each after the air carrier this morning reported Q2 financial results falling short of Wall Street expectations.
Excluding one-time items, the company earned $1.64 per share during the quarter, up from $1.47 per share during the same quarter last year but still coming in $0.03 per share shy of the Capital IQ consensus. Revenue rose 3.2% over year-ago levels to $10.79 billion, also missing the $10.82 billion analyst mean.
For the current quarter, Delta is expecting an operating margin between 18% to 20% and with passenger unit revenue rising in a range of 2.5% to 4.5% compared with the year-ago quarter.
In other sector news,
(+) TGT, Expects “modest” increase in Q2 same-store sales over last year, reversing prior outlook expecting a decline in low single percentage digit. Sees adjusted EPS above the high end of its $0.95 to $1.15 per share guidance, topping the $1.06 per share consensus.
(-) FIZZ, Q4 EPS of $0.62 tops analyst estimates by $0.03 per share. Revenue rises 18% over year-ago levels to $212 mln, slightly under the $213.5 mln Street view.
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