Stocks to Watch: Google, GE, McDonald's
NEW YORK -- Google (GOOG) surprised the markets with the early release of its earnings Thursday and then disappointed investors by missing both Wall Street's top- and bottom-line estimates.
The Mountain View, Calif.-based company earned $9.03 a share on revenue of $11.33 billion during the third quarter. Analysts were looking for earnings of $10.65 a share and sales of $11.862 billion.
Google shares fell 8% during Thursday's regular session to $695.
Google Earnings Leak: Blog Recap
General Electric (GE) is expected to report its third-quarter results before the opening bell Friday and analysts expect the industrial conglomerate to post earnings of 36 cents a share in the September-ended period on revenue of $36.94 billion. Market Preview: Let's Get Choppy
McDonald's (MCD), the fast-food giant, also reports Friday morning and Wall Street is looking for a quarterly profit of $1.47 a share on revenue of $7.15 billion.
Reports are also expected Friday from the likes of Baker Hughes (BHI), First Horizon National (FHN), First Niagara Financial (FNFG), Honeywell (HON), Ingersoll-Rand (IR), and RadioShack (RSH).
Microsoft (MSFT), the software giant, reported a year-over-year decline in operating income for its fiscal first quarter, citing slow PC demand ahead of its Windows 8 launch. Quarterly profit fell 22%, the company said Thursday. Microsoft Drops as Quarter Disappoints
Chipotle Mexican Grill (CMG), the restaurant operator, reported Thursday below-consensus third-quarter results and said it sees flat to low single-digit same-store sales in 2013.
Chipmaker Advanced Micro Devices (AMD) reported a deep third-quarter loss on Thursday, said it plans to cut 15% of its work force, and forecast a sequential decrease in revenue of 9% or so for the fourth quarter. -- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
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