Shares of McDonald's Corp MCD fell about 0.9% after the company reported its Q4 results. MCD reported its earnings at $1.16 per share, up from $1.11 per share, in the year-ago period. The company's revenue came in at $6.2 billion, versus $5.97 billion, in the year-ago quarter. However, analysts were expecting earnings of $1.15 per share, on revenue of $6.2 billion.
Shares of Smurfit-Stone Container Corp SSCC surged about 28% after RockTenn Co RKT agreed to purchase SSCC in a cash and stock deal worth $35 per share, or about $3.5 billion. The deal price represents a 27% premium to SSCC's closing price on Friday. The transaction is likely to close in the second quarter of 2011.
Entergy Corp ETR projects its Q4 profit of $1.25, or $1.29 per share on an adjusted basis. However, analysts were expecting earnings of $1.20 per share. ETR shares have dipped 7.00% over the past 52 weeks.
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