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McDonald’s Corp. (NYSE:MCD) shares slipped .15 percent after reporting fourth quarter results. Net earnings increased 11 percent. The fast-food giant earned $1.33 per share, compared to $1.16 per share from the previous year. Shares of Yum! Brands (NYSE:YUM) remained flat on the news, while Wendy’s Co. (NYSE:WEN) edged .39 percent higher.
Shares of DuPont (NYSE:DD) fell more than 1 percent after reporting a 0.8 percent decrease in fourth-quarter profit. Net income came in at $373 million, compared to $376 million a year earlier.
Investor Insight: Investors Await Apple’s Earnings on Tuesday.
Johnson & Johnson (NYSE:JNJ) fourth quarter earnings dropped 89 percent, as the company posted a $2.9 billion in charges. The health-care company projected per share earnings of $5.05 to $5.15, below estimates of $5.21. Shares declined 1.2 percent in early Tuesday trading. Shares of CVS Caremark (NYSE:CVS) and Walgreen (NYSE:WAG) also declined.
Verizon Inc. (NYSE:VZ) shares declined 1.30 percent after reporting a fourth quarter loss because of a large pension-related charge. The wireless company had projected revenue growth due to the strong demand in Apple’s (NASDAQ:AAPL) new iPhone. The loss amounts to 71 cents per share, compared to a profit of 93 cents per share in the previous year. Shares of AT&T (NYSE:T) and Sprint (NYSE:S) also headed lower in morning trading.
EMC Corp. (NYSE:EMC) shares jumped 5 percent in early trading. The company’s net earnings surged 32 percent, from $628.6 million (29 cents per share) to $832 million (38 cents per share).
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