Earnings Buzz: McDonald's Corporation (MCD), Halliburton Company (HAL), UBS, Netflix Inc (NFLX), Texas Instruments Inc (TXN) [VIDEO]
McDonald's Corp. (MCD) earnings slightly missed forecasts as the company reported earnings of $1.38 per share for the second quarter on revenue of $7.08 billion. Analysts polled by Reuters expected McDonald's to report second-quarter earnings of $1.40 per share on revenue of $7.10 billion, compared with a profit of $1.32 per share on revenue of $6.92 billion in the year-ago quarter. Shares of McDonald's fell 2.84 percent to $97.42 in morning trade.
UBS (NYSE: UBS) rose 3.70 percent in morning trade after the Swiss bank said its second-quarter profit beat expectations with net income coming in at 690 million Swiss francs, or $734 million, in initial results. Shares of UBS rose 3.86 percent to $19.36 in morning trade.
Halliburton Company (NYSE: HAL) reported second-quarter earnings of 73 cents per share, or a net profit of $679 million, compared with $737 million, or 79 cents per share, in the year-ago period. Revenue rose to $7.32 billion from $7.23 billion. Analysts surveyed by Reuters had expected the company to report second-quarter earnings of 72 cents per share on revenue of $7.26 billion. Shares of Haliburton fell 0.35 percent to $45.67 in morning trade.
After the market closes Monday, Texas Instruments Inc. and Netflix Inc. report results.
Texas Instruments Inc. (NASDAQ:TXN) is expected to report second-quarter earnings of 41 cents per share on revenue of $3.06 billion, compared with a profit of 38 cents per share on revenue of $3.34 billion in the year-ago quarter, according to analysts polled by Reuters.
Netflix Inc. (NASDAQ:NFLX) is forecast to report second-quarter earnings of 38 cents per share on revenue of $1.07 billion, according to Reuters, compared with a profit of 11 cents per share on revenue of $889.16 million in the year-ago period.
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