McDonald’s. The world’s biggest hamburger chain is mixing up its menu with healthier, fresher sounding items such as its chicken McWraps, but not enough customers are biting.
McDonald’s second-quarter profit fell short of Wall Street expectations. It also said July sales are expected to be flat and warned of a tough year ahead. For the quarter, the company earned $1.4 billion, or $1.38 per share. That’s up from $1.35 billion, or $1.32 per share, a year ago. Revenue rose to $7.08 billion.
Gannett Co. The owner of USA Today, KUSA-Channel 9 and the Fort Collins Coloradoan said Monday that net income fell 5 percent in the most recent quarter as newspaper advertising revenue fell and the company took charges for job cuts and other restructuring costs. Gannett earned $113.6 million, or 48 cents per share, in the second quarter, compared with $119.9 million, or 51 cents per share, a year earlier.
Excluding the restructuring costs, Gannett said it had profit of 58 cents per share in the April-June quarter, which matched the average estimate of analysts surveyed by FactSet.
Revenue was $1.30 billion, compared with $1.31 billion a year ago.
Hasbro. The No. 2 toymaker said that its second-quarter net income fell 16 percent, hurt by weak sales of movie-related action figures and its spinning-top game Beyblade.
For the period ended June 30, Hasbro Inc. earned $36.5 million, or 28 cents per share. That compares with $43.4 million, or 33 cents per share, a year earlier.
Removing pension-related charges of 1 cent per share, earnings were 29 cents per share. Analysts expected earnings of 34 cents per share, according to FactSet. Revenue fell 6 percent to $766.3 million.
Netflix. The video service’s revival of the comedy series “Arrested Development” didn’t reel in as many subscribers to the Internet video service as Wall Street had hoped, turning a solid second-quarter earnings report into a reality check.
Netflix earned $29.5 million, or 49 cents per share, in the quarter, up from $6.2 million, or 11 cents per share, a year earlier. Revenue climbed 20 percent from last year to $1.07 billion
Halliburton. The oil-field service company’s second-quarter profit fell 8 percent as revenue declined in North America, but international growth helped the oil-field operator slightly beat Wall Street expectations.
For the quarter ended June 30, Halliburton’s net income totaled $679 million, or 73 cents per share. Analysts expected 72 cents per share, according to FactSet. A year ago, earnings were $737 million, or 79 cents per share. Revenue edged up 1 percent to $7.32 billion.
Corporate Earnings
