3 Consumer Stocks Wobbling Post Earnings

MGM Resorts International (NYSE: MGM) reported its results for the first quarter. Loss widened to $217.3 million (44 cents per diluted share) from $89.9 million (loss of 18 cents per share) in the same quarter a year earlier. Revenue rose 51.2% to $2.29 billion from the year-earlier quarter. MGM Resorts International fell short of the mean analyst estimate of a loss of 16 cents per share. Analysts were expecting revenue of $2.26 billion.

World Wrestling Entertainment Inc. (NYSE:WWE) reported net income above Wall Street’s expectations for the first quarter. Net income for World Wrestling Entertainment Inc. rose to $15.3 million (20 cents per share) vs. $8.6 million (11 cents per share) in the same quarter a year earlier. This marks a rise of 78.2% from the year-earlier quarter. Revenue rose 2.6% to $123.1 million from the year-earlier quarter. World Wrestling Entertainment Inc. reported adjusted net income of 18 cents per share. By that measure, the company beat the mean estimate of 5 cents per share. It beat the average revenue estimate of $113.7 million.

The Warnaco Group Inc. (NYSE:WRC) reported its results for the first quarter. Net income for The Warnaco Group Inc. fell to $36 million (78 cents per share) vs. $44 million (98 cents per share) a year earlier. This is a decline of 18.3% from the year-earlier quarter. Revenue fell 7% to $615.5 million from the year-earlier quarter. The Warnaco Group Inc. reported adjusted net income of 90 cents per share. By that measure, the company fell short of mean estimate of 92 cents per share. It fell short of the average revenue estimate of $655.6 million.