Qurate Retail Inc QRTEA:NASDAQ

Last Price$2.90NASDAQ Closing Price as of 4:00PM ET 7/01/22

Today's Change+0.03(1.05%)
Bid (Size)$2.71 (6)
Ask (Size)$3.13 (33)
Day Low / High$2.80 - 2.97
Volume7.3 M

Sector Update: Consumer Stocks Decline Premarket Friday

9:23AM ET 5/06/2022 MT Newswires
Consumer stocks were declining premarket Friday. The Consumer Staples Select Sector SPDR Fund (XLP) was 0.48% lower and the Consumer Discretionary Select Sector SPDR Fund (XLY) was down by 0.59%.

Qurate Retail (QRTEA) was shedding over 24% in value as it reported Q1 adjusted earnings of $0.15 per diluted share, down from $0.48 a year earlier. Three analysts polled by Capital IQ expected $0.25.

Under Armour (UAA) was slipping past 17% as it reported a Q1 loss of $0.13 per diluted share, swinging from earnings of $0.17 a year earlier. Analysts polled by Yahoo! Finance expected earnings of $0.06.

Funko (FNKO) was rallying by more than 20% as it reported Q1 adjusted diluted earnings of $0.34, up from $0.24 a year earlier. Analysts polled by Capital IQ expected $0.24. Separately, Chernin Group and Funko said a consortium led by the former will make a $263 million investment in Funko in an all-secondary transaction.