Shares of McDonald’s Corporation (NYSE: MCD), a global restaurant company, are down sharply in early trading today. At last check, MCD shares were trading 3.19% lower at $89.90 on volume of 1.70 million. The stock touched an intra-day low of $89.72.
MCD shares are falling after the company reported its third-quarter financial results. For the third quarter ended September 30, 2012, MCD reported an increase of 1.9% in global comparable sales. The company’s consolidated revenue for the third quarter was $7.2 billion, flat compared to the same period in the previous year. Consolidated operating income for the quarter fell 4% to $2.3 billion.
Don Thompson, CEO of McDonald’s, said that while the company’s sales momentum and current financial results reflect today’s challenging conditions, the company continues to see significant long-term opportunities for brand McDonald’s and remains confident in the underlying strength of its business model.
Shares of Manpower Inc. (NYSE: MAN), a provider of workforce solutions and services, are rallying in trading today. At last check, MAN shares were trading 7.37% higher at $38.63 on volume of 6,635. The stock hit an intra-day high of $40.92 in early trading today.
MAN shares are soaring after the company reported its third-quarter financial results. For the quarter ended September 30, 2012, MAN’s diluted earnings per share were $0.79, compared to $0.97 reported for the same period in the previous year. Net earnings for the quarter were $63.1 million, compared to $79.6 million reported for the same period in the previous year. Revenue for the quarter was $5.2 billion, down 11% over the same period in the previous year.
Jeffrey A. Joerres, Chairman and CEO of Manpower, said that clearly the economic environment continues to be challenging as the company experienced a revenue decline of 4% in constant currency, however, the Manpower team did an extraordinary job of aggressively selling its value to its clients which resulted in stabilizing its gross margin.
Shares of Microsoft Corp. (NASDAQ: MSFT), a technology company engaged in the development, licensing and supporting of a range of software products and services, are down sharply in trading today. At last check, MSFT shares were trading 2.22% lower at $28.84 on volume of 15.47 million. The stock hit an intra-day low of $28.56 in trading today.
MSFT shares are falling after the company reported its first-quarter financial results. For the quarter ended September 30, 2012, MSFT reported operating income of $5.31 billion. The company’s net income for the quarter was $4.47 billion. Diluted earnings per share for the quarter were $0.53.
Steve Ballmer, CEO of Microsoft, said that the launch of Windows 8 is the beginning of a new era at MSFT. Ballmer said that investments the company has made over a number of years are now coming together to create a future of exceptional devices and services, with tremendous opportunity for its customers, developers and partners.
Shares of SanDisk Corporation (NASDAQ: SNDK), a designer, developer and manufacturer of data storage solutions in a range of form factors using its flash memory, controller and firmware technologies, are rallying in trading today.
At last check, SNDK shares were trading 7.21% higher at $45.95 on volume of 4.32 million. The stock hit an intra-day high of $46.84 in trading today.
SNDK shares are rallying after the company reported its third-quarter financial results. For the quarter ended September 30, 2012, SNDK reported revenue of $1.27 billion, down 10% over the same period in the previous year. GAAP net income for the quarter was $77 million, or $0.31 per share, compared to net income of $233 million, or $0.96 per share reported for the same period in the previous year.
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