GE, McDonald's miss revenue estimates

Oct 19, 2012, 8:42 AM EDT
A general view of the McDonalds restaurant inside the Olympic Park during the Sainsbury's 2012 UK School Games at the Olympic Stadium on May 9, 2012 in London, England. McDonald's Corp reported a lower quarterly profit on Friday that missed analysts' expectations, as the weak global economy and the strong U.S. dollar weighed on results.
Getty Images/Julian Finney

Two bellwether U.S. multinationals, one industrial, one consumer, missed third-quarter revenue estimates, underlining the uncertainties in the world economy. General Electric reported third-quarter revenue that trailed analysts’ estimates as the slowing global economy eroded demand for equipment from medical scanners to jet engines, though earnings matched expectations. McDonald's reported a lower quarterly profit and revenue that missed analysts' expectations, as the weak global economy and the strong U.S. dollar weighed on results.

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