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ManpowerGroup Inc. (MAN) - free report >>
GE Aerospace (GE) - free report >>
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Q3 Earnings Extravaganza: MCD, GE, HON, MAN
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 (MCD - Free Report) , General Electric (GE - Free Report) , Honeywell (HON - Free Report) and Manpower (MAN - Free Report) , 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
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