Thursday, October 30, 2008

Not everyone is hurting

As a followup to my last post I thought I would add the "glass half full" take as well.

At least someone is making money :) I don't suppose everyone will look at this as a positive.

Exxon Mobil: Biggest profit in U.S. history

Largest U.S. oil company surges past analyst estimates to post net income of $14.83 billion.

NEW YORK (CNNMoney.com) -- Exxon Mobil Corp. set a quarterly profit record for a U.S. company Thursday, surging past analyst estimates.

Exxon Mobil (XOM, Fortune 500), the leading U.S. oil company, said its third-quarter net profit was $14.83 billion, or $2.86 per share, up from $9.41 billion, or $1.70, a year earlier. That profit included $1.45 billion in special items.


McDonald's Profits Climb -- For 10th Straight Quarter

McDonald's Corp. posted a 15% Q3 profit increase yesterday, extending their 3 1/2-year string of progressively stronger results. Premium coffee sales, more 24-hour restaurants, and strong European growth were among the key areas. CEO Jim Skinner said the company will continue to expand at a modest pace with new U.S. drive-thrus and new Happy Meal entrees and beverages that meet nutritional guidelines. He also committed 20% of its children's marketing budget to promote youth physical-activity. Net income was $0.63/share ($843M), up from $0.58/share a year ago. Same-store sales improved in every international and domestic region. Its shares have gained 30% in the last year, closing at $40.77, down $0.70. Citigroup analyst Glen Petraglia said promoting health and nutrition is a strong-suit for McDonald's, calling its menu the healthiest of the hamburger-restaurant operators.

Credits
http://money.cnn.com/2008/10/30/news/companies/exxon_earnings/index.htm?eref=rss_topstories

http://seekingalpha.com/article/18909-mcdonald-s-profits-climb-for-10th-straight-quarter

1 Comments:

At October 31, 2008 4:05 AM , Anonymous Anonymous said...

McDonald's... "strong European growth"

At least the Europeans are getting fatter instead of us.

 

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