McDonald’s: 2Q Earnings Snapshot
Posted Jul 26, 2019 09:08:10 AM.
This article is more than 5 years old.
CHICAGO (AP) _ McDonald’s Corp. (MCD) on Friday reported second-quarter profit of $1.52 billion.
The Chicago-based company said it had profit of $1.97 per share. Earnings, adjusted for restructuring costs, came to $2.05 per share.
The results fell short of Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.06 per share.
The world’s biggest hamburger chain posted revenue of $5.34 billion in the period, which topped Street forecasts. Nine analysts surveyed by Zacks expected $5.33 billion.
McDonald’s shares have climbed 21% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 20%. The stock has increased 35% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCD at https://www.zacks.com/ap/MCD
The Associated Press
