THUR June 09, 2011
NEW YORK (TheStreet) — Fast food chain McDonald’s (MCD_) reported comparable-sales growth of 3.1% in May. U.S. and Europe comparable sales were up 2.4% and 2.3%, respectively. Same-store sales rose 4.3% in the Asia/Pacific, Middle East and Africa.
McDonald’s shares were down 1.9% to $79.63 in premarket trading Wednesday due to the smaller-than-expected rise in U.S. comparable store sales.
Ciena(CIEN_) shares were tumbling 11.4% to $21.46 after the provider of communications networking equipment reported a second-quarter loss of 24 cents a share compared with the Wall Street consensus target of a loss of 11 cents a share.
Leonard Green & Partners and fellow private-equity firm CVC Capital Partners are set to make a joint buyout offer next week for BJ’s Wholesale Club(BJ_) that could value the warehouse retailer at about $2.8 billion, The New York Post reported. Shares of BJ’s were rising 3.3% to $49.25.
Citigroup(C_) was falling 0.7% to $37.33 in premarket trading Wednesday after reaching a deal to sell a $1.7 billion portfolio of private-equity assets to AXA Private Equity, the European buyout firm.
Aircraft leasing company Air Lease(AL_) was up 0.2% to $24.97 after announcing that it has issued $120 million in senior unsecured notes in a private placement to institutional investors. The company said this was part of its move to fund future fleet acquisitions.