Stocks to Watch: GE, HON, SLB & More

Take a look at some of Friday’s morning movers:


General Electric - General Electric earned 34 cents per share, excluding certain items, for the first quarter, one cent above estimates. Revenues of $35.2 billion were also above consensus, with GE reporting particular strength in its industrial segments.

Honeywell - Honeywell earned $1.04 per share for the first quarter, five cents above estimates, and also raised its outlook for the year. The company credits higher than expected sales and expanding profit margins.

McDonald's - The restaurant chain matched estimates with per-share profit of $1.23 and revenues of $6.55 billion. McDonald's saw global same store sales rise 7.3 percent during the quarter versus a year earlier, with U.S. comp sales up 8.9 percent.

American Electric Power - Shares of the power company are taking a hit after the company declined to reaffirm its prior outlook for the year, citing uncertainty in its Ohio operations. The state has deregulated its electricity market, permitting customers to switch to other utilities.

MetLife - The insurance company released a preliminary version of its first-quarter profits, after inadvertently posting some of its data on its website ahead of schedule. Excluding certain items, MetLife expects to report first-quarter earnings of $1.37 per share, above estimates of $1.25.

Schlumberger - The oilfield-services company reported first-quarter profit of $0.98 per share, excluding certain items, one cent above estimates. Profits were up 38 percent from a year earlier as Schlumberger's customers ramped up production and exploration in areas like the Gulf of Mexico.

Microsoft - The software giant earned 60 cents per share for its fiscal third quarter, three cents above estimates, with revenue also beating consensus. Microsoft's results were helped by better-than-expected overall personal computer sales during the quarter.

Chipotle Mexican Grill - The restaurant chain reported first-quarter profit of $1.97 vs. Street estimates of $1.93, and also reported better-than-expected revenue. Chipotle's same-store sales topped analyst forecasts, and the bottom line was also helped by menu price increases instituted in 2011.

Advanced Micro Devices - The chipmaker earned $0.12 per share for its first quarter, three cents above estimates. Revenue registered a slight beat, as AMD joined Microsoft in benefiting from better-than-expected PC demand.

Capital One - The bank and credit-card issuer beat estimates by 17 cents with its first quarter profit of $1.56 per share. Revenue of $4.9 billion was above the consensus estimate of $4.37 billion, on better-than-anticipated loan volume.

Tempur-Pedic - The mattress maker earned $0.86 per share for the first quarter, two cents above estimates, with revenue essentially in line. However, its fiscal year guidance of $3.80 to $3.95 per share is below estimates of $3.97 a share. That disappointed investors, who have grown accustomed to the company raising its outlook in recent quarters.

SanDisk - The memory chip maker reported first-quarter profit of $0.63 per share, seven cents below estimates, with SanDisk citing lower-than-expected prices. SanDisk CEO Sanjay Mehrotra also says demand weakness in certain segments is likely to persist through the current quarter before improving in the second half of the year.

Riverbed Technologies - The maker of networking gear reported lower-than-expected revenue for the first quarter, as well as forecasting second-quarter profit and sales that fell below analyst estimates. The company has suffered from the effects of product upgrade delays.

Ethan Allen - Ethan Allen is forecasting fiscal third-quarter profit of $0.17 to $0.19 per share, compared to analyst estimates of $0.19. The furniture maker attributes the potential shortfall to expenses related to revamping its product line. The company did increase its quarterly dividend to $0.09 per share from $0.07, a rise of 29 percent.

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