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*MW McDonald's Dec. same-store sales down 0.6% in Europe, down 6.2% in APMEA

*MW McDonald's Dec. global same-store sales down 0.1%

By MarketWatch
McDonald's stock rises after same-store sales decline less than expected
Shares of McDonald's Corp. (MCD)rallied 1.5% in premarket trade Friday, after the fastfood giant reported fourth-quarter same-store sales that declined less than expected, offsetting lower-than-anticipated profit and sales. For the quarter ended Dec. 31 , global same-store sales fell 0.9% from a year ago, with sales in the U.S. falling 1.7%, but that was better than the FactSet consensus analyst estimates for declines of 1.6% and 2%, respectively. Earnings fell to $1.1 billion , or $1.13 a share, from $1.4 billion , or $1.40 a share in the year-earlier period, with supplier issues in Asia reducing earnings per share by 9 cents . Revenue declined 7% to $6.57 billion . Excluding the impact of currencies moves, revenue would have declined 1%. Analysts were projecting earnings per share of $1.22 and revenue of $6.69 billion . The stock, a component of the Dow Jones Industrial Average, has lost 0.1% over the past three months, while the Dow has gained 6.8%.
Rockwell Collins raises full-year profit outlook
Rockwell Collins (COL)raised its full-year profit outlook on Friday, after the communication and aviation electronics company reported better-than-expected fiscal first quarter earnings and sales growth. For the quarter ended Dec. 31 , net earnings rose to $167 million , or $1.24 a share, from $131 million , or 96 cents a share, in the year-earlier period. Earnings per share from continuing operations were $1.26 a share. Revenue rose 16% to $1.23 billion . The results topped the FactSet consensus analyst estimates for earnings of $1.13 a share and revenue of $1.22 billion . For the full year, the company raised its per-share earnings outlook to a range of $5.10 to $5.30 from $4.90 to $5.10 . Cash flow from operations is now expected to be $700 million to $800 million , compared with the company's previous projection of $675 million to $775 million . The stock, which was still inactive in premarket trade, has run up 11% over the past three months, outperforming the S&P 500's 5.8% rise.
Honeywell's profit, sales edge above expectations
Honeywell International (HON)reported on Friday a fourth-quarter net profit that edged up to $975 million , or $1.20 a share, from $947 million , or $1.19 a share in the same period a year ago. Excluding the pension mark-to-market adjustment, earnings per share were $1.43 , topping that FactSet consensus analyst estimate of $1.42 . Revenue slipped 1% to $10.27 billion , compared with analyst forecasts of $10.21 billion . The industrial conglomerate affirmed its 2015 adjusted earnings per share outlook of $5.95 to $6.15 , which surrounds analyst projections of $6.11 . The stock was up 1% in light, premarket trade. It has gained 6.2% over the past three months through Thursday, while the S&P 500 has advanced 5.8%.
Sony asks to delay third-quarter earnings due to hacking
Sony Corp. (SNE)has asked to delay reporting fiscal third-quarter earnings, as a result of the hacking attack on its movie business, Sony Pictures Entertainment . The company said Friday it has filed an application with the Financial Services Agency of Japan for approval of an extension of the reporting deadline to March 31 , compared with an original deadline of February 16 . Hackers attacked Sony Pictures Entertainment's networks in November, stealing and releasing thousands of embarrassing emails in what was seen as retaliation for the movie studio's film "The Interview", which satirizes North Korea's leader Kim Jong Un . "Most of SPE's financial and accounting applications and many other critical information technology applications will not be functional until early February 2015 due to the amount of destruction and disruption that occurred, and the care necessary to avoid further damage by prematurely restarting functions," Sony said in a statement. While it hopes to delay the earnings release, the Japanese company said it still plans to issue a release on Feb. 4 to give updated third-quarter forecasts, as far as possible.
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01-23-15 0831ET