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McDonald's tops 2Q expectations

This Friday, March 17, 2017, photo shows the McDonald's sign outside a restaurant in downtown Pittsburgh. McDonald's Corp. reports earnings, Tuesday, ...
FILE - This Monday, April 24, 2017, file photo shows a McDonald's restaurant in downtown Pittsburgh. McDonald's Corp. reports earnings, Tuesday, July ...

This Friday, March 17, 2017, photo shows the McDonald's sign outside a restaurant in downtown Pittsburgh. McDonald's Corp. reports earnings, Tuesday, ...

FILE - This Monday, April 24, 2017, file photo shows a McDonald's restaurant in downtown Pittsburgh. McDonald's Corp. reports earnings, Tuesday, July ...

OAK BROOK, Ill. (AP) — McDonald's is reporting second-quarter earnings of $1.4 billion.

The company had profit of $1.70 per share. Earnings, adjusted for non-recurring costs, were $1.73 per share, easily surpassing Wall Street's per-share forecast of $1.62, according to a poll by Zacks Investment Research.

Revenue at the world's biggest hamburger chain was $6.05 billion, also beating expectations.

Shares of McDonald's Corp. have climbed 25 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 10 percent. The stock has climbed 18 percent 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

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Keywords: McDonald's, Earnings Report, Priority Earnings


Updated : 2021-10-18 08:52 GMT+08:00