As Q1 earnings season continues, more and more companies are starting to post their earnings results. Yesterday, two FANG stocks, Microsoft Corp. (NASDAQ:MSFT) and Alphabet, Inc. (NASDAQ:GOOGL) , reported their earnings results, as well as coffee giant Starbucks Corp. (NASDAQ:SBUX) . While Alphabet and Microsoft missed earnings estimates, Starbucks managed to stay in-line with expectations; each company, however, saw their revenues decline on a sequential basis.
Friday morning saw a solid amount of companies report their results before the bell. Let’s take a look.
American Airlines Group, Inc. (NASDAQ:AAL)
The airliner reported better than expected earnings for its first quarter of fiscal 2016. Adjusted earnings per share came in at $1.25, topping the Zacks Consensus Estimate by 7 cents. Operating revenues were $9.44 billion, beating our consensus estimate of $9.43 billion but representing a 4% decrease from the year-ago period.
Kimberly-Clark Corp. (NYSE:KMB)
Leading consumer products manufacturer Kimberly-Clark posted mixed Q1 results. The company reported adjusted earnings per share of $1.53, topping the Zacks Consensus Estimate of $1.51 and increasing 1.1% from the year-ago period. Revenues came in at $4.476 billion, slightly lagging behind our consensus estimate of $4.508 billion and declining 4.6% year-over-year.
McDonald’s Corp. (NYSE:MCD)
The iconic fast-food chain reported impressive Q1 results. Earnings came in at $1.23 per share, surpassing the Zacks Consensus Estimate of $1.16 per share. Revenues of $5.90 billion beat our consensus estimate of $5.87 billion. Global comps for Q1 grew 6.2%, comparing favorably to the 5% growth seen in the prior quarter. All of McDonald’s segments posted positive comps.
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