Consumer Discretionary Stock Sector Earnings Recap Highlights

Leggett & Platt Inc. (NYSE:LEG) reported its results for the first quarter. Net income for Leggett & Platt Inc. fell to $44 million (30 cents per share) vs. $45 million (30 cents per share) a year earlier. This is a decline of 2.2% from the year-earlier quarter. Revenue rose 5.7% to $946.8 million from the year-earlier quarter. Leggett & Platt Inc. fell short of the mean analyst estimate of 32 cents per share. It beat the average revenue estimate of $917.3 million.

BorgWarner Inc. (NASDAQ:BWA) reported its results for the first quarter. Net income for BorgWarner Inc. rose to $158 million ($1.28 per share) vs. $124.5 million ($1 per share) in the same quarter a year earlier. This marks a rise of 26.9% from the year-earlier quarter. Revenue rose 10.5% to $1.91 billion from the year-earlier quarter. BorgWarner Inc. was about in line with expectations as the mean analyst estimate of $1.29 per share. Analysts were expecting revenue of $1.94 billion.

Cabela’s Incorporated (NYSE:CAB) reported net income above Wall Street’s expectations for the first quarter. Net income for Cabela’s Incorporated rose to $28.8 million (40 cents per share) vs. $17.8 million (25 cents per share) in the same quarter a year earlier. This marks a rise of 62.1% from the year-earlier quarter. Revenue rose 6.3% to $623.5 million from the year-earlier quarter. Cabela’s Incorporated beat the mean analyst estimate of 32 cents per share. Analysts were expecting revenue of $623.4 million.

Starwood Hotel & Resorts Worldwide Inc. (NYSE:HOT) reported net income above Wall Street’s expectations for the first quarter. Net income for Starwood Hotel & Resorts Worldwide Inc. rose to $128 million (65 cents per share) vs. $28 million (14 cents per share) in the same quarter a year earlier. This is a more than fourfold rise from the year-earlier quarter. Revenue rose 32.4% to $1.72 billion from the year-earlier quarter. Starwood Hotel & Resorts Worldwide Inc. reported adjusted net income of 63 cents per share. By that measure, the company beat the mean estimate of 53 cents per share. It beat the average revenue estimate of $1.54 billion.

Interpublic Group of Companies Inc. (NYSE:IPG) reported its results for the first quarter. Loss narrowed to $43 million (loss of 10 cents per diluted share) from $45.2 million (loss of 10 cents per share) in the same quarter a year earlier. Revenue rose 2.2% to $1.51 billion from the year-earlier quarter. Interpublic Group of Companies Inc. fell in line with the mean analyst estimate of a loss of 10 cents per share. Analysts were expecting revenue of $1.5 billion.