Earn­ings

The Washington Post Sunday - - TAKING STOCK -

Mor­gan Stan­ley’s busi­ness was hit par­tic­u­larly hard in the third quar­ter by tur­bu­lence in the global mar­kets, send­ing the bank’s earn­ings down 42 per­cent, well short of an­a­lysts’ es­ti­mates.

McDon­ald’s sales edged up 0.9 per­cent at es­tab­lished U.S. lo­ca­tions dur­ing the third quar­ter, snap­ping a streak of about two years of quar­terly de­clines. The fast food gi­ant also said sales rose 4 per­cent on a global ba­sis at es­tab­lished lo­ca­tions. The bump in U.S. sales was the re­sult of a higher av­er­age check, which off­set a de­cline in traf­fic.

Gen­eral Mo­tors said strong light­truck sales in the United States and sta­ble op­er­a­tions in China pro­duced a record $3.1 bil­lion in ad­justed earn­ings be­fore in­ter­est and taxes. In the quar­ter, GM took a charge of $1.5 bil­lion re­lated to its ig­ni­tion-switch re­call.

Un­der Ar­mour re­ported its first $1 bil­lion-plus quar­ter in sales, post­ing $1.2 bil­lion in rev­enue and prof­its of $100.5 mil­lion, or 45 cents a share.

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