Stocks in the news for Friday Oct. 19, 2012.
The hamburger dealer reported third-quarter earnings of $1.43 per share on revenues of $7.15 billion. Analysts had expected the company to earn $1.47 per share on revenue of about $7.17 billion. The company's results were impacted by currency exchange rates by about 8 cents per share. McDonald's (MCD) expects sales and profits “to remain pressured” in the near term. Same-store sales are pointed lower for October.
The company reported earnings of $950 million or $1.20 per share, topping estimates for $1.14 per share. Revenues were $9.34 billion, missing estimates for $9.51 billion. Honeywell (HON) also narrowed its full-year guidance to $4.45 to $4.50 per share, from a previous range of $4.40 to $4.55. The mean analyst estimate had been $4.50. Dave Cote, the company's CEO, said the company expects to deliver “good growth” despite “a continued challenging macro environment.”
The conglomerate reported adjusted EPS of 36 cents per share, in line with estimates. Revenues came in at $36.35 billion, compared to estimates for $36.94 billion. General Electric (GE) said revenues were negatively impacted by currency exchange rates to the tune of about $1.1 billion in the quarter. Strong performance from the company's energy infrastructure operations helped offset weak sales in the company's aviation and healthcare units. GE said it still expects to meet its full-year forecast for a double-digit percentage rise in earnings.
The software giant reported fiscal first-quarter revenue of $17.4 billion and EPS of 65 cents on a GAAP basis. Adjusted to account for the deferral of $1.4 billion in revenue related to next week's introduction of Windows 8, Microsoft (MSFT) reported $16.01 billion in sales and EPS of 53 cents. The mean analyst estimate had been for 56 cents per share on $16.5 billion in revenue.
Chipotle Mexican Grill
The taco trader failed to meet earnings estimates for the third quarter. The company reported $2.27 per share, compared to a mean estimate for $2.30 per share. Revenue was $700.5 million, missing estimates for $702.9 million. Chipotle (CMG) has been the target of criticism from hedge-fund manager David Einhorn.
Today is expiration day for October monthly equity option contracts.
Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at firstname.lastname@example.org.