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In the news: Weak guidance from Sandisk and lots more earnings

Friday headlines include: Weak guidance from Sandisk; earnings from Morgan Stanley, General Electric and Google; and Panera Bread planning to adopt Apple Pay.

Sandisk

Memory chip maker Sandisk (SNDK) said Thursday that it earned $1.09 per share in the third quarter, or $1.45 on an adjusted basis. Revenue was $1.75 billion. Analysts had expected $1.33 per share on $1.77 billion in revenue. Looking forward, the company said it expects revenue between $1.80 billion and $1.85 billion in the fourth quarter. The mean analyst estimate had been $1.88 billion.

Morgan Stanley

Investment bank Morgan Stanley (MS) earned 84 cents per share in the third quarter. The mean analyst estimate was for 54 cents per share, however those two figures may not be directly comparable. Bond trading revenue rose by more than 19% in the quarter as market volatility surged in the last month of the quarter.

General Electric

Industrial conglomerate General Electric (GE) said Friday that it earned 35 cents per share in the third quarter, or 38 cents per share on an adjusted basis. Revenue was $36.17 billion. Analysts had expected the company to earn 37 cents per share on $36.79 billion in revenue. Margins at the company's industrial business were 19.3 percent, 0.9 percentage points higher than in the year-ago quarter.

Google

Internet giant Google (GOOGL) reported earnings of $4.09 per share on revenue of $16.52 for the third quarter. On an adjusted basis, the company earned $6.35 per share on $13.17 billion in revenue. Analysts had expected the company to earn $6.53 per share on adjusted revenue of $13.22 billion. The company's average cost per click fell by 2 percent, while “aggregate paid clicks” rose by 17 percent from the year-ago period.

Panera Bread

Restaurateur Panera Bread (PNRA) plans to adopt the new Apple Pay system from Apple (AAPL) in its restaurants. An executive from the company discussed the system in a television interview Thursday and described how customers can use their phones to pay for orders at the restaurant in multiple ways, including some secured by the thumbprint scanners found in newer Apple devices.

Bobby Raines

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 braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.