5 Simmering Stocks: IBM Spends $440 Million, McDonald’s Climbs Higher, and Costco Drops 3%
McDonald’s Corp (NYSE:MCD) shares gained .70% after reporting that global sales for restaurants open at least one year increased 7.4% in November, compared to last year. Competitors include: Yum! Brands, Inc. (NYSE:YUM) and Chipotle Mexican Grill, Inc. (NYSE:CMG).
Ciena Corp (NASDAQ:CIEN) jumped more than 7% this morning. The company reported a fourth quarter loss of $22.3 million (23 cents per share), compared with $80.3 million (86 cents per share) last year.
Investing Insights: CIENA Corp Earnings Cheat Sheet: Loss Narrows and Tops Forecasts.
Shares of Costco Wholesale Corp (NASDAQ:COST) traded down nearly 3% after reporting first quarter results. Net income for the discount store increased 2.6% to $320 million (73 cents per share), compared to $312 million (71 cents per share) in the same quarter a year earlier.
Smithfield Foods Inc. (NYSE:SFD) is trading almost 2% lower after reporting a 16% decline from the year earlier quarter. Net income for the company decreased to $120.7 million (74 cents per share), compared to $143.7 million (86 cents per share) a year earlier.