Orlando, FL -- (SBWIRE) -- 10/22/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On McDonald's Corporation(NYSE:MCD), Citigroup Inc. (NYSE:C).
McDonald's Corporation(NYSE:MCD)shares decreased 0.64% to $94.59. The company on Oct. 21 announced the changes to its popular low-priced menu, the same day that the world's biggest burger chain reported that its third-quarter profit rose 5 percent as it benefited from a Monopoly promotion in the U.S. and strength in the U.K. and Russia.
For the three months that ended on Sept. 30, net income rose to $1.52 billion, or $1.52 per share. That compared with $1.46 billion, or $1.43 per share, last year. Analysts expected $1.51 per share, according to FactSet. Revenue rose 2 percent to $7.32 billion from $7.15 billion last year. Analysts expected $7.33 billion.
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Citigroup Inc. (NYSE:C) stock decreased 0.23% to $51.03. The company on Oct. 15 disclosed weaker-than-expected third-quarter results as the banking conglomerate struggled to overcome slumping fixed-income revenue. Citi said it earned $3.23 billion, or $1.00 a share, last quarter, compared with a profit of $468 million, or 15 cents a share, a year earlier. Excluding one-time items, it earned $1.02 a share, trailing consensus calls from analysts by two pennies. Revenue jumped 30% to $17.88 billion. On an adjusted-basis, revenue slipped 4.9% to $18.22 billion, missing the Street’s view of $18.62 billion.
Is C going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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