08.08.2008 21:50

Hot stocks: Fannie Mae, McDonald's


The homebuilder Beazer Homes USA, Inc’s posted a narrower loss of $109.8M in its fiscal third quarter despite lower revenue as expenses declined; nevertheless quarterly results fell short of Wall Street's expectations.

The movie theater operator Cinemark Holdings Inc reported a drop in second-quarter earnings, though it still beat analysts' estimates by a penny on increased sales of tickets and concessions.

Deckers Outdoor Corp posted its first quarterly loss since 2002.

Fannie Mae reported a much larger-than-expected net loss of $2.3B in the second quarter.

World Fuel Services Corporation reported second-quarter profit of 73 cents a share well above analysts’ forecasts.

MBIA Inc returned to profitability in the second quarter on $3.32B.

McDonald's Corporation says strong demand for breakfast items helped lift global same-store sales 8% in July; U.S. same-store sales grew 6.7%.






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