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Market Update

McDonald’s Global Sales Jump 5.5%, Pfizer Confirms Share Buyback Plan of $5B


Author: Mukesh Buch
ticker.com
Last Update: 11:33 AM EST January 30 2018

11:30 AM New York City, New York – Aetna beats profit forecasts. Danaher revenues soared. Harley-Davidson plans to close Kansas City plant as worldwide sales fell. McDonald''s reported healthy system wide same store sales growth. Pfizer estimated upbeat 2018 earnings outlook.

Tollbooth Index dropped 57.74 or 0.4% to 14,643.20.

Earnings Review

Aetna Inc (AET) slumped 2.8% or $5.30 to $188.44 after the diversified healthcare benefits provider reported total revenues in the fourth-quarter ending in December declined 6% from a year ago to $14.9 billion.

Net income in the quarter surged 76% to $244 million or 74 cents per diluted share from $139 million or 39 cents in the same quarter last year.

Autoliv Inc (ALV) soared 7.3% or $10.04 to $148.37 after the Sweden-focused automobile safety systems supplier said revenues in the fourth-quarter ending in December advanced 4.8% from a year ago to $2.7 billion.

Net income in the quarter tumbled 57.6% to $62.6 million or 72 cents per diluted share from $147.7 million or $1.67 in the same quarter last year.

Danaher Corporation (DHR) fell 36 cents to $103.33 after the medical, industrial and commercial products maker reported revenues in the fourth-quarter ending in December jumped 10.9% from a year ago to $5.1 billion.

Net income in the quarter soared 14.6% to $856.6 million or $1.21 per diluted share from $747 million or $1.07 in the same quarter last year.

Harley-Davidson Inc (HOG) declined 7.2% or $3.99 to $51.30 after the motorcycle maker stated revenues in the fourth-quarter ending in December jumped 12.5% from a year ago to $1.1 billion.

Net income in the quarter plunged 82.4% to $8.3 million or 5 cents per diluted share from $47.2 million or 27 cents in the same quarter last year.

In the fiscal first quarter, the motorcycle maker estimated shipment in the range of 60,000 to 65,000 motorcycles.

In fiscal 2018, Harley-Davidson reaffirmed motorcycle shipments between 231,000 motorcycles and 236,000 motorcycles.

Separately today, Harley-Davidson said that it will close motorcycle assembly plant located in Kansas City by the summer of 2019. The manufacturing company is battling worldwide motorcycle sales decline of 9.6% and the U.S. retail sales slumped 11.1% and international sales fell 3.9%.

McDonald''s Corporation (MCD) slipped $1.13 to $176.30 after the fast food restaurants operator said total revenues in the fourth-quarter ending in December plunged 11% from a year ago to $5.3 billion.

Global comparable sales in the quarter jumped 5.5% and system-wide sales soared 8%. U.S. comparable sales increased 4.5% and comparable sales in the international segment advanced 6% and in the high growth segment, comparable sales increased 4%.

Net income in the quarter plummeted 41% to $698.7 million or 87 cents per diluted share from $1.2 billion or $1.44 in the same quarter last year.

Pfizer Inc (PFE) dropped 2.6% or $1.01 to $38.02 after the healthcare products maker reported revenues in the fourth-quarter ending in December rose 0.5% from a year ago to $13.7 billion.

Net income in the quarter surged to $12.3 billion or $2.02 per diluted share from $775 million or 13 cents in the same quarter last year.

Pfizer forecasted earnings per share in the range of $2.90 to $3 and revenues between $53.5 billion and $55.5 billion.

The company also reaffirmed fiscal 2018 share repurchases of up to $5 billion.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc