US Stocks Opens Mixed (EXPD, MasterCard, Kellogg Company)

Expeditors International of Washington (NASDAQ:EXPD) slid 0.97% to $48.96. The company said Tuesday its third-quarter earnings rose to $96.1 million, or 44 cents a share, from $57.8 million, or 27 cents a share, in the year-ago period. Revenue rose to $1.67 billion from $1.04 billion. Wall Street analysts expected earnings of 42 cents a share and revenue of $1.61 billion, according to a survey by FactSet Research. The stock went up more than 38% year-to-date. MasterCard Incorporated (NYSE:MA) gained 1.72% to $250.21. The company said Tuesday that its third-quarter profit was $518 million, or $3.94 a share, compared with $452 million, or $3.45 a share, in the year-ago period. Net revenue rose 4.7% to $1.4 billion. Analysts surveyed by FactSet Research had expected, on average, profit of $3.53 a share on revenue of $1.4 billion. Shares of MasterCard rose almost 5% premarket. At current market price, the market capitalization of the company stands at $32.74 billion. Kellogg Company (NYSE:K) rose 0.32% to $49.85. The company said that its third-quarter net income fell 6% to $338 million, or 90 cents a share, from $361 million, or 94 cents a share, in the year-ago period. The Battle Creek, Mich. cereal maker’s revenue dropped 4% to $3.2 billion. Wall Street analysts expected Kellogg to earn 90 cents a share, on revenue of $3.18 billion, according to a survey by FactSet Research.
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