This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cognizant Posts 16.6% Rise in Net Profit: Ahead of the Ticker

The fast food chain reported sales at restaurants open at least a year fell 0.6% from the same month last year. McDonald's reported 0.7% sales growth in the U.S., but declines overseas. Sales fell 2.4% in Europe and 2.9% in Asia, Africa and the Middle East.

Analysts had expected a decline of 0.48% in sales at restaurants open at least 13 months, according to Reuters.

The gain in the U.S. was driven by the introduction of higher-end items like the Egg White Delight, chicken McWraps and value menu items listed for $1.

The decline in Asia was fueled by the avian flu in China, according to McDonald's, as well as weakness in Japan and Australia.

McDonald's CEO Don Thompson noted the "challenging macro environment" the company faces, but said it is "aligned around executing our long-term strategies to drive sustained, profitable growth."

The company has not been able to sustain consistent growth since experiencing a monthly same-store sales decline in October for the first time in nine years.






The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

-- Written by Brittany Umar.

Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
AOL $40.82 0.55%
CTSH $62.76 6.10%
MCD $96.13 -1.71%
AAPL $128.70 -0.19%
FB $78.81 -0.23%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs