News Summary

Shares of McDonald's Corp MCD fell about 1.3% after the company reported a 11% rise in its Q1 net income. The company's comparable sales increased 4.2%. MCD's earnings came in at $1.21 billion, or $1.15 per share, up from $1.09 billion, or $1 per share, in the year-ago quarter. The company's revenue increased to $6.11 billion from $5.61 billion. However, analysts were expecting earnings of $1.14 per share on revenue of $6.01 billion. Shares of Verizon Communications Inc VZ fell about 2.2% after the company reported its Q1 profit at $1.44 billion, or $0.51 per share, up from $443 million, or $0.16 per share, in the year-ago quarter. However, analysts expected earnings of $0.50 per share. VZ's operating revenue increased 0.3% to $27 billion. Shares of General Electric Co GE gained about 0.5% after the company reported upbeat Q1 earnings and lifted its quarterly dividend. GE reported its Q1 net profit at $3.43 billion, up from $1.95 billion, in the year-ago period. The company's earnings came in at $0.31 per share, up from $0.17 per share. GE's operating earnings came in at $3.6 billion, or $0.33 per share. The company's revenue increased 6% to $38.4 billion. However, analysts were expecting earnings of $0.28 per share. GE also raised its quarterly dividend by $0.01 per share to $0.15 per share. Read more from Benzinga's Markets.