McDonald’s Corporation (NYSE:MCD) is surging 3% in early trading after reporting third-quarter earnings. The company reported a profit of $1.51 billion ($1.45 per share), compared to $1.39 billion ($1.29 per share) last year. Revenue increased 14%, while global same-store sales rose 5%. Other companies to watch in the food industry include Yum! Brands (NYSE:YUM) and Chipotle Mexican Grill (NYSE:CMG).
Investing Insights: McDonald’s Corp. Earnings Cheat Sheet: Positive Earnings Streak.
Shares of General Electric (NYSE:GE) are down more than 1.5% before the opening bell. The company reported third-quarter earnings that failed to beat estimates for the first time since late 2008. GE reported adjusted earnings of 31 cents per share, compared to 28 cents per share last year. Don’t Miss: General Electric Earnings Cheat Sheet: Another Quarter of Rising Profit.
Schlumberger (NYSE:SLB) is down nearly 1% this morning after releasing an earnings miss. Third quarter earnings came in at 98 cents per share, compared to estimates of $1.01 per share.
Verizon Communications (NYSE:VZ) is edging lower in pre-market trading. The company reported that wireless subscriber growth was slower than expected. Verizon’s earnings for the quarter rose to $$1.38 billion (49 cents per share), compared to $659 million (23 cents per share) last year. Earlier this week, AT&T (NYSE:T) also reported poor subscriber numbers due to people waiting to buy the new Apple (NASDAQ:AAPL) iPhone 4S.
Honeywell International (NYSE:HON) is popping more than 3% on strong third-quarter earnings. Net income for the aerospace/defense products and services company rose to $862 million ($1.10 per share) vs. $598 million (76 cents per share) in the same quarter a year earlier. This marks a rise of 45% from the year earlier quarter. Competitors to watch include General Electric (NYSE:GE), The Boeing Company (NYSE:BA), and Lockheed Martin Corp (NYSE:LMT).