6 Buzzing Stocks: McDonald’s Same-Store Sales Misses, Rackspace Drops 13%
Shares of McDonald’s Corp. (NYSE:MCD) fell 2.21 percent in early trading. The company reported a smaller-than-expected increase in April sales. Global same-store sales gained 3.3 percent in April, compared to estimates of about 5 percent.
FreightCar America Inc. (NASDAQ:RAIL) shares surged 17.77 percent before the opening bell. The company reported first-quarter earnings of almost $10 million (81 cents per share), compared to only $1.3 million (11 cents of a loss per share) a year earlier.
The Wendy’s Co. (NYSE:WEN) shares declined nearly 3 percent after reporting first-quarter financial results. The company earned $12.4 million (3 cents per share), compared to a loss of $1.4 million a year earlier. Higher beef prices reduced margins from 13.4 percent to 11.8 percent.
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Rackspace Hosting Inc. (NYSE:RAX) shares fell 13.41 percent before the opening bell. Late Monday, the company reported net income of $23 million (10 cents per share) for the first-quarter, but missed estimates of 17 cents per share. “While we’ve made a lot of progress so far in 2012, we have much more to do. We are executing through a very important platform shift to our next generation cloud, and we need to make this experience incredible for our customers,” said Lanham Napier, chief executive officer.
Shares of WYNN Resorts Ltd. (NASDAQ:WYNN) dropped more than 2 percent this morning. The casino company reported disappointing results for the first-quarter. Wynn earned $140.6 million ($1.23 per share), compared to $173.8 million ($1.39 per share) a year earlier. Revenue increased 4.2 percent to $1.31 billion.
Electronic Arts (NASDAQ:EA) declined 5.16 percent early Tuesday. The video game maker recently reported it earned $400 million ($1.20 per share) for the fourth-quarter, compared to $151 million (45 cents per share) a year earlier. However, the company lowered its outlook and is expecting a loss of 40 cents to 45 cents in the fiscal first-quarter, compared to estimates for a loss of 33 cents.
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