Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Q3 Earnings Extravaganza: MCD, GE, HON, MAN

ByZacks Investment Research
Published 10/20/2016, 10:03 PM
Updated 07/09/2023, 06:31 AM

Friday, October 21, 2016

We are looking at Q3 earnings this Friday, just before earnings season gets hot and heavy beginning next week. We saw results from McDonalds (NYSE:MCD) , General Electric (NYSE:GE) , Honeywell (NYSE:HON) and Manpower (NYSE:MAN) , among others.

McDonalds beat estimates on both top and bottom lines: $1.50 per share beat the $1.48 expected, on revenues of $6.42 billion versus $6.276 billion in the Zacks consensus estimate. Q3 comps were up 3.5%. A good quarter for the 20th century burger joint; we shall see where growth in the company comes from this point.

General Electric put up mixed Q3 earnings and revenues, with 32 cents per share beating estimates by a penny, but $29.27 billion in sales missing the $29.84 in the Zacks consensus. This represents a 6.7% gain on the bottom line in the quarter, while the company narrowed its revenue forecasts to 2-4% for fiscal 2016.

Honeywell also posted a modest beat: $1.67 per share beat expectations by a penny, on $9.8 billion in revenues which topped $9.77 billion. This modest beat is typical for Honeywell, whose average earnings beat over the past year is roughly 1%. This marks the third straight positive earnings surprise for the U.S. industrial major.

Manpower, a strong indicator of domestic employment, easily beat Q3 expectations for both earnings and sales: $1.87 per share on $5.1 billion in revenues zoomed past the $1.72 and $4.93 billion in the Zacks consensus estimates.

Mark Vickery
Senior Editor

Click here to follow this author>>

HONEYWELL INTL (HON): Free Stock Analysis Report

GENL ELECTRIC (GE): Free Stock Analysis Report

MCDONALDS CORP (MCD): Free Stock Analysis Report

MANPOWER INC WI (MAN): Free Stock Analysis Report

Original post

Zacks Investment Research

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.