McDonald’s shares drop; Apple earnings on tap; Under Armour's profit plunges

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McDonald’s (MCD) – The fast-food giant posted adjusted earnings per share of $1.45 on revenue of $6.26 billion. Same-store sales in the US rose 1.8%, falling short of expectations.

Under Armour (UA) – The athletic retailer’s earnings fell but met Wall Street expectations. Despite the earnings drop, sales in Under Armour’s shoe business soared 58%, driven primarily by the success of Stephen Curry’s basketball shoe line.

Apple (AAPL) – The tech giant is set to report its fiscal third-quarter earnings after the bell on Tuesday. Analysts are forecasting earnings per share of $1.38 on revenue of $42.1 billion. The iPhone remains the biggest factor in Apple’s earnings. According to FactSet, analysts forecast that 40 million devices were sold during the quarter.

Freeport-McMoRan (FCX) – The mining giant posted a wider than expected loss and a 15% year-over-year drop in revenues for its second quarter. Freeport-McMoRan reported a loss of 2 cents per share on revenue of $3.33 billion.

Netflix (NFLX) – The streaming giant is in focus after disclosing in a filing that its director Jay Hoag spent $51.9 million to buy 600,000 shares.

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