10:45 AM New York – Air Products fourth quarter net declined 57% and Baker Hughes third quarter net plunged 60%. General Electric net increased 8% but foreign exchange fluctuations affected revenues. Honeywell net climbed 10%. McDonald’s net slid 3%.

Air Products and Chemicals, Inc (APD) dropped 4.5% or $3.89 to $81.50 after the specialty gas producer reported sales in the fourth quarter ending in September grew 4% to $2.61 billion from $2.51 billion in the same period of last year. Net income in the quarter declined 57% to $138.7 million or 65 cents a diluted share compared to $324.8 million or $1.51 a share a year ago earlier.

The company expects earnings per share for the first quarter between $1.26 and $1.31 and for the fiscal year earnings per share in the range of $5.65 to $5.85.

Baker Hughes Inc (BHI) declined 4.4% or $2.08 to $45.01 after the oilfield service provider reported revenues in the third quarter ending in September increased 3% to $5.23 billion from $5.06 billion in the same period of last year. Net income in the quarter plunged 60% to $279 million or 63 cents a diluted share compared to $706 million or $1.61 a share a year ago period.

President and Chief Executive Officer Martin Craighead added seasonal return of Canada was nearly 30% less than the last year and internationally collective rig count was down 17% compared to the last quarter. In the fourth quarter, activity levels in international segments are projected to rebound.

General Electric Company (GE) decreased 2.5% or 58 cents to $22.23 after the diversified technology reported total revenues in the third quarter ending in September rose 3% to $36.3 billion from $35.4 billion in the same period of last year. Net income in the quarter surged to $3.49 billion or 33 cents a diluted share compared to $3.22 billion or 22 cents a share a year ago.

The GE said profit in the industrial segment climbed 11% and in energy infrastructure and transportation jumped 13% and 35% respectively.

Honeywell International Inc. (HON) gained 1.3% or 82 cents to $62.24 after the aerospace products maker reported net sales in the third quarter ending in September nearly was flat at $9.34 billion from $9.30 billion in the same period of last year. Net income in the quarter climbed 10% to $950 million or $1.20 a diluted share compared to $862 million or $1.10 a share a year ago.

The company lowered its full year sales and earnings guidance and now expects sales declined between $37.5 billion and $37.7 billion from previous guidance of $37.8 billion and $38.4 billion and earnings per share in the range of $4.45 to $4.50 from earlier guidance of $4.40 to $4.55.

Ingersoll-Rand plc (IR) gained 3.2% or $1.49 to $47.15 after the diversified company reported revenues in the third quarter ending in September dropped 8% to $3.59 billion from $3.91 billion in the same period of last year. Net earnings in the quarter jumped nearly three-fold to $321.6 million or $1.03 a diluted share compared to $86.2 million or 25 cents a share a year ago period.

The company expects fourth quarter revenues to be flat and in the range of $3.4 billion to $3.5 billion and for the full year between $13.95 billion and $14.05 billion.

McDonald’s Corporation (MCD) slipped 3.1% or $2.90 to $89.96 after the restaurants operator reported net sales in the third quarter ending in September slightly down to $7.15 billion from $7.17 billion in the same period of last year. Net income in the quarter slid 3% to $1.46 billion or $1.43 a diluted share compared to $1.51 billion or $1.45 a share a year ago.

McDonald’s said comparable sales in each geographic segment increased 1.9% and in U.S. comparable sales rose 1.2%. Comparable sales at Europe rose 1.8% and in Asia/Pacific, Middle East and Africa increased 1.4%.

Parker-Hannifin Corporation (PH) plummeted 7.6% or $6.52 to $78.55 after the diversified manufacturer reported sales in the first quarter ending in September fell to $3.21 billion from $3.23 billion in the same period of last year. Net income in the quarter advanced 20% to $239.9 million or $1.57 a diluted share compared to $298.2 million or $1.91 a share a year ago earlier.

For the fiscal year, the company revised its guidance for earnings from continuing operations to between $6.15 and $6.75 per diluted share from earlier guidance of $7.10 to $7.90 per diluted share.

Schlumberger Limited (SLB) gained 15 cents to $74.95 after the oilfield service provider reported net sales in the third quarter ending in September climbed 11% to $10.61 billion from $9.55 billion in the same period of last year. Net income in the quarter jumped 10% to $1.42 billion or $1.07 a diluted share compared to $1.30 billion or 96 cents a share a year ago.