Investing.com - McDonald’s (NYSE:MCD) reported second quarter earnings that matched analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $2.05 on revenue of $5.34B. Analysts polled by Investing.com forecast EPS of $2.05 on revenue of $5.33B. That compared to EPS of $1.99 on revenue of $5.35B in the same period a year earlier. The company had reported EPS of $1.72 on revenue of $4.96B in the previous quarter.
McDonald’s shares gained 1.89% to trade at $218.50 in pre-market trade following the report.
For the year, McDonald’s shares are up 20.76%, outperforming the S&P Global (NYSE:SPGI) 100 which is up 16.38% year to date.
McDonald’s follows other major Services sector earnings this month
On Thursday, Amazon.com reported second quarter EPS of $5.22 on revenue of $63.4B, compared to forecasts of EPS of $5.56 on revenue of $62.47B.
Visa A earnings beat analyst's expectations on Wednesday, with third quarter EPS of $1.37 on revenue of $5.84B. Investing.com analysts expected EPS of $1.32 on revenue of $5.7B
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