Consumer Non-Cyclical Sector Review: Kraft and Nokia, Win For Tobacco Companies
Central European (NASDAQ:CEDC): Reports Q4 revenue $280.1M, consensus $293.93M. EPS results exclude the impact of a non-cash, impairment charge on goodwill of $383M.
The shares closed at $4.36, down $1.06, or 19.56%, on the day. Its market capitalization is $317.15 million.
Altria Group, Inc. (NYSE:MO): A U.S. judge ruled that a new regulation requiring large graphic health warnings for cigarette labels and ads violates free-speech rights, in a decision that favors the tobacco companies, reported Reuters.
The shares closed at $30.10, up $0.08, or 0.27%, on the day. Its market capitalization is $61.57 billion.
Kraft Foods Inc (NYSE:KFT): Kraft Foods (NYSE:KFT) is partnering with Nokia (NYSE:NOK) to accelerate the development of mobile experiences across its brands. Featuring global power brands including Oreo, Tang, Cadbury, Milka, Toblerone and Philadelphia Cream Cheese, the Kraft Foods Nokia Mobile Innovation Lab will focus on reinventing mobile experiences. Both Nokia and Kraft Foods will work to leverage Nokia and Microsoft’s cross-platform ecosystem to include mobile devices, PCs, TVs, Xbox and other networked connected devices, such as cars. More details on the partnership will be released over the coming months.
The shares closed at $38.07, up $0.07, or 0.18%, on the day. Its market capitalization is $67.26 billion.
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