Celina Jade
2
All posts from Celina Jade
Celina Jade in Markets at a glance,

GE, McDonald’s, Bank of New York earnings in focus

Among the companies whose shares are expected to see active trade in Friday’s session are General Electric Co., McDonald’s Corp., and Bank of New York Mellon Corp.

GE GE, +1.00% is projected to report fourth-quarter earnings of 55 cents a share, according to a consensus survey by FactSet.

McDonald’s MCD, +0.61% is forecast to post fourth-quarter earnings of $1.22 a share.

Bank of New York BK, +3.12% is expected to post earnings of 59 cents a share in the fourth quarter.

Honeywell International Inc. HON, +0.14% is likely to report fourth-quarter earnings of $1.42 a share.

Kansas City Southern KSU, +2.78% is forecast to post $1.23 a share in the fourth quarter.

Kimberly Clark Corp. KMB, +1.18% is projected to report fourth-quarter earnings of $1.37 a share.

State Street Corp. STT, +3.14% is likely to post fourth-quarter earnings of $1.27 a share.

After Thursday’s closing bell, Starbucks Corp. SBUX, +1.78% said first-quarter profit rose to $983.1 million, or $1.30 a share, from $540.7 million, or 71 cents a share, a year earlier. On an adjusted basis, the company said it earned 80 cents a share, in line with analysts’ estimate.

E-Trade Financial Corp. ETFC, +2.86% reported its fourth-quarter earnings fell to $41 million, or 14 cents a share, from $58 million, or 20 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share were 26 cents, matching the FactSet consensus analyst estimate. Revenue rose $461 million from $446 million.

DreamWorks Animation SKG Inc. DWA, +3.05% will cut 500 jobs and take a $290 million pre-tax charge as part of a new strategic plan to restructure its feature film business.

Intuitive Surgical Inc. ISRG, +1.40% said its fourth-quarter profit fell 12% to profit of $146.8 million, or $3.94 a share, as operating expenses offset higher revenue.

Capital One Financial Corp. COF, -1.31% reported a fourth-quarter profit of$999 million, up from $852 million a year earlier. Earnings per share from continuing operations were $1.68 a share, with net income of $1.73 a share. Analysts polled by Thomson Reuters expected per-share profit of $1.74.

Maxim Integrated Products Inc. MXIM, +0.43% shares advanced 5.7% to $34.90 on moderate volume after the integrated-circuit maker reported fiscal second-quarter earnings of 33 cents a share on revenue of $566.8 million while analysts expected 29 cents a share on revenue of $560.5 million.

marketwatch