Monday, March 19, 2012

MCD Feb Sales Update

On Thursday March 8th, 2012, McDonalds released their 8-K which rereleased February’s sales. Global same-store-sales missed analyst expectations by about 20-80 basis points and would have been even lower without the extra day added by the leap year. Cold temperatures hurt sales in Europe and Russia, which weighed down global sales. Same-store-sales in the company’s Asia Pacific/Middle East/Africa operations missed expectations by the largest margin (5.6% gap). Performance in the U.S. diluted most of these shortcomings, which were driven by sales of Chicken McBites, breakfast menu items, and Filet-O-Fish sandwiches. These sales do not fit in with the double-digit growth that McDonalds has consistently achieved as of late. McDonalds shares were down 3.3% in afternoon trading to about $97.

Joe Esposito

Sunday, March 4, 2012

CBI 2011 Earnings Report

Chicago Bridge & Iron (Ticker:CBI) posted its 4Q11 and YE earnings on February 23, at 5:00 P.M. beating the general outlook of the street.  The company reported $70.5 million in Earnings, an 11.55% increase from the year prior, while EPS rose from 63 cents per share to 70 cents per share. This figure beat analyst’s projections by 2.94%. For the year of 2011, the company was able to report $255 million in Net Income, totally $2.55 per share.  In respects to revenue, the company posted 1.26 billion dollars for 4Q11, relatively on par with the $1.25 billion that 17 analysts across Wall Street expected. This figure represents a 61.9% Y/Y increase.
                Chicago Bridge & Iron was able to generate New Awards of $6.8 billion throughout the year. This number includes a major deal for the Gorgan project in Australia, which totaled $2.3 billion of the total awards earned. The company also announced an interim dividend of $.05/share, resulting in a dividend yield for the year of .43%. The company will continue to strategically buy back shares to create value for shareholders through capital gains. The market has reacted positively to the earnings report with shares up 1.62% on the day, closing at a new 52-week high of $47/share.

-Matt Buechele