Las Vegas, NV -- (SBWIRE) -- 01/23/2013 -- PennyStockParlay.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Shares of McDonald's Corporation (NYSE:MCD) rose by 1 cent or 0.01% to $92.96 in the morning session after the company posted a higher profit in its fourth quarter.
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For the quarter the company earned $1.4 billion, or $1.38 per share on revenue of $6.95 billion which was up by 2%, surpassing analyst expectations of $1.33 per share on revenue of $6.9 billion.
Sales at restaurants open at least a year rose just 0.1% for the period, the U.S figure rose 0.3%. The European business faced a decline of 0.6% and region encompassing Asia, the Middle East and Africa fell by 1.7%.
CEO Don Thompson said the company continues to target total sales growth of 3% to 5%.
Fourth quarter 1% decline in net income for Praxair, Inc. (NYSE:PX) results in fall of $3.14 or 2.75% in stock price of the company to $110.88 in the morning session.
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Pressured by unfavorable foreign currency exchange and soft economic conditions globally, the company earned $414 million, or $1.38 per share down from $420 million, or $1.38 per share, a year earlier.
Revenue remained flat at $2.8 billion topping Wall Street forecast of $2.78 billion. The unfavorable foreign currency translation offset the increased pricing and benefits from acquisitions.
Sales declined in Europe and South America, while in North America and Asia, there were rising sale.
The fiscal year earnings rose by just 1% to $1.69 billion or $5.61 per share and adjusted earnings turned out to be $5.57 per share.
Revenue was up at $11.22 billion and was 5% higher when stripping out unfavorable foreign currency translation and other items.
For the 2013 fiscal year Praxair expects earnings in a range of $5.85 to $6.10 per share with revenue of $12 billion. The first quarter earnings are anticipated of $1.35 to $1.40 per share.
Analyst predicts earnings of $6.14 per share this year on revenue of $11.95 billion and for first quarter $1.47 per share.
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