Investing.com - McDonald’s reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
McDonald’s announced earnings per share of $2.55 on revenue of $5.72B. Analysts polled by Investing.com anticipated EPS of $2.47 on revenue of $5.82B.
McDonald’s shares are down 6% from the beginning of the year and are trading at $250.38 , down-from-52-week-high.They are outperforming the S&P 500 which is down 16.77% from the start of the year.
McDonald’s follows other major Consumer Discretionary sector earnings this month
McDonald’s's report follows an earnings beat by Tesla on Wednesday, July 20, 2022, who reported EPS of $2.27 on revenue of $16.93B, compared to forecasts EPS of $1.81 on revenue of $16.54B.
Nike had beat expectations on Monday, June 27, 2022 with fourth quarter EPS of $0.9 on revenue of $12.23B, compared to forecast for EPS of $0.8015 on revenue of $12.06B.
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