McDonald’s: 2Q Earnings Snapshot
Posted Jul 28, 2020 08:08:18 AM.
Last Updated Jul 28, 2020 08:10:13 AM.
This article is more than 5 years old.
CHICAGO (AP) _ McDonald’s Corp. (MCD) on Tuesday reported second-quarter profit of $483.8 million.
On a per-share basis, the Chicago-based company said it had profit of 65 cents. Earnings, adjusted for non-recurring costs, were 66 cents per share.
The results missed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.
The world’s biggest hamburger chain posted revenue of $3.76 billion in the period, beating Street forecasts. Eleven analysts surveyed by Zacks expected $3.7 billion.
McDonald’s shares have risen almost 2% since the beginning of the year, while the Standard & Poor’s 500 index has stayed nearly flat. The stock has fallen 6% 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
