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Shares of McDonald’s (NYSE:MCD) fell 1.55 percent this afternoon. The fast-food giant reported flat sales for July. Analysts were expecting an increase of about 2.3 percent at restaurants open at least 13 months. July sales in the United States and Europe dropped 0.1 percent and down 0.6 percent, respectively.
Alpha Natural Resources (NYSE:ANR) shares fell 3.6 percent despite an opening bell rally after reporting financial results for the second quarter. The stock is attempting to recover. The company said its loss widened to $2.2 billion, compared to $50.1 million a year earlier, but revenue jumped 16 percent to $1.85 billion. Kevin Crutchfield, Alpha’s Chairman and CEO, said, “These are extremely challenging times in the U.S. coal industry, with softness in both the thermal and now the metallurgical coal markets and the pace at which the fundamentals changed. Alpha has taken decisive actions to ensure that our business is both well-suited to today’s demand environment and efficient enough to provide us with the flexibility to ramp-up our world-class asset base once market conditions improve.”
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Walt Disney (NYSE:DIS) shares rallied 1.17 percent this afternoon. The entertainment company announced that third quarter net income rose 24.1 percent to $1.83 billion ($1.01 per share), compared to $1.48 billion (77 cents per share) a year earlier. However, revenue of $11.09 billion missed estimates of $11.31 billion.
Priceline.com (NASDAQ:PCLN) and Orbitz Worldwide (NYSE:OWW) shares plunged more than 15 percent Wednesday afternoon. Priceline reported impressive quarterly earnings, but provided a weaker-than-expected outlook. Net income in the second quarter increased 37.6 percent to $352.7 million ($6.88 per share), compared to $256.4 million ($5.02 per share) a year earlier. For the third quarter, the company expects to earn $11.10 to $12.10 per share, below the average estimate of $12.82. Orbitz also reported disappointing financial results.
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