GE (NYSE:GE) reported that it earned $3.03 billion, or 29 cents per share, down from $3.43 billion, or 31 cents per share, in the same period last year. The results included a $200 million charge for exiting its Irish mortgage business. Excluding one-time items, earnings were 34 cents per share, exceeding analyst estimates of 33 cents per share. Revenuefell 8.2 percent to $35.2 billion, but was above the $34.7 billion that analysts had expected.
Shares are higher by about eight tenths of a percent.
McDonald's reported a profit of $1.27 billion, or $1.23 per share for the first three months of 2012. In the same period last year, the company earned $1.21 billion, or $1.15 per share. Revenue increased by 7.1% to $6.55 billion versus the same period last year Analysts had expected quarterly earnings of $1.23 a share on revenue of $6.54 billion.
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