McDonald's reports a 5% jump in 1Q profit!
Newport Beach, CA (PRWEB) April 21, 2012
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The stock market fell into a slump this week due to growing concerns over Europe's debt and uncertainty over corporate earnings. Fortunately strong earning reports from companies like McDonald's and Microsoft helped push stocks higher on Friday.
McDonald's earnings met Wall Streets expectations this week with the Company's net income rising 5% in the first quarter. McDonald's closed in the green on Friday at $95.94.
Microsoft saw gains of more than 4% on Friday, almost surpassing it's 52 week high. The Company closed in the green at $32.42.
Among the big earnings reports beginning Tuesday are Apple Inc. Apple closed on Friday at $572.98, down over 2% from the previous day.
Other earning reports to be announced next week are oil giants Exxon Mobil and Chevron - both closing modestly in the green on Friday. Exxon Mobil at $85.30 and Chevron at $102.52.
Also due next week are reports from Boeing, Drug maker Merck, and consumer products companies Colgate-Palmolive and Proctor & Gamble.
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