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McDonald's, Caterpillar sales down; AMEX dollar woes; Curry boosts Under Armour

Bill McColl

Now a look at some of the stocks the Yahoo Finance team will be following for you today.

McDonald's (MCD) The fast-food giant reports second quarter sales in the U.S. fell 2%, more than analysts had forecast. Overall sales declined 0.7%. New CEO Steve Easterbrook says while the numbers were disappointing, the company is making progress in its turnaround plan. In the period, McDonald's profit and revenue topped estimates.

Caterpillar (CAT) The farm and construction equipment giant's quarterly earnings matched estimates, but revenue missed. Caterpillar says weakness in mining and the oil industry as well as sales declines in China and Brazil hurt its results. And it cut its full year sales forecast.

American Express (AXP) The credit card company topped second quarter profit estimates, but revenue came in light. As we have often heard from companies this year, American Express points to the negative effects of the strong dollar as a contributer to its lower results. The company also says it's seeing a decline in use of co-branded cards at Costco (COST) -- that deal expires next year.

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3M (MMM) The maker of Post-It notes and Scotch tape beat by 2 cents on the bottom line in the period, but revenue fell and came up short of forecasts. Like American Express, 3M attributes a lot of its revenue decline to the impact of the strong dollar.

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Qualcomm (QCOM) The biggest maker of semiconductors for cellphones is slashing 15% of its workforce as part of a strategic review of operations. And Qualcomm says that review could lead to a break up of the company. Qualcomm is also reducing profit and revenue forecasts in the current quarter.

Under Armour (UA) The sports apparel maker and Yahoo Finance's company of the year in 2014 beat on both the top and bottom lines in the period. Under Armour says clothing sales soared 23% and shoe sales jumped 40% thanks to excitement over products tied to NBA star Steph Curry.

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