McDonald’s Corporation (NYSE:MCD) [Trend Analysis] luring active investment momentum, shares a gain 0.15% to $121.56. Fast food giant, McDonald’s Corp. (MCD) declared that a 1% decline in profit for the fourth quarter from last year on lower revenues due to the impact of refranchising. However, both revenue and earnings per share beat analysts’ expectations. The Oak Brook, Illinois-based hamburger chain posted net income for the fourth quarter of $1.19 billion, down from $1.21 billion in the prior-year quarter.
However, earnings per share for the quarter rose to $1.44 from $1.31 in the year-ago period on lower weighted average shares outstanding in the latest quarter. Earnings per share rose 12 percent in constant currencies. On average, 27 analysts polled by Thomson Reuters expected the company to report earnings of $1.41 per share for the quarter. Analysts’ estimates typically exclude special items.
Total revenues for the quarter reduced 5 percent, or declined 3 percent in constant currencies, to $6.03 billion from $6.34 billion in the same quarter last year. Analysts’ consensus revenue estimate was $5.99 billion. The total volume of 293746 shares held in the session was surprisingly higher than its average volume of 4010.87 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -0.60%, and looking further price to next year’s EPS is 8.17%. While take a short look on price to sales ratio, that was 4.04 and price to earnings ratio of 22.68 attracting passive investors.
PositiveID Corp (OTCMKTS:PSID) reported that its Thermomedics Inc. subsidiary, which markets the FDA-cleared Caregiver non-contact thermometer, has entered into a new distribution contract with MedPro Associates.
MedPro, a national contracted sales firm, will market Caregiver primarily to the alternate site and long-term care markets, along with targeted acute care facilities. Caregiver, which is FDA cleared for clinical use, is a professional grade, infrared thermometer for measurement of forehead temperature in adults, children, and infants, without contact. It delivers an oral-equivalent temperature directly from the forehead in one to two seconds. Caregiver requires minimal training and is proven as accurate as other methods of clinical thermometry, which include predictive oral/rectal/axillary electronic, infrared tympanic, temporal artery contact scanner, etc.