Investing.com - McDonald’s (NYSE:MCD) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
McDonald’s announced earnings per share of $1.97 on revenue of $5.35B. Analysts polled by Investing.com anticipated EPS of $1.96 on revenue of $5.3B. That with comparison to EPS of $1.97 on revenue of $5.16B in the same period a year before.McDonald’s had reported EPS of $2.11 on revenue of $5.43B in the previous quarter.Analysts are expecting EPS of $1.9 and revenue of $5.08B in the upcoming quarter.
McDonald’s shares are up 6% from the beginning of the year and are trading at $210.39 , down-from-52-week-high.They are outperforming the Dow 30 which is up 0.29% year to date.
McDonald’s follows other major Services sector earnings this month
McDonald’s's report follows an earnings beat by AT&T on Wednesday, who reported EPS of $0.89 on revenue of $46.82B, compared to forecasts EPS of $0.88 on revenue of $46.95B.
Comcast had beat expectations on Thursday, January 23, 2020 with fourth quarter EPS of $0.79 on revenue of $28.4B, compared to forecast for EPS of $0.77 on revenue of $28.17B.
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