Investing.com - McDonald’s (NYSE:MCD) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
McDonald’s announced earnings per share of $2.22 on revenue of $5.42B. Analysts polled by Investing.com anticipated EPS of $1.91 on revenue of $5.38B.
McDonald’s shares are up 9% from the beginning of the year, still down 6.62% from its 52 week high of $231.91 set on October 16. They are outperforming the Dow Jones which is down 0.75% from the start of the year.
McDonald’s follows other major Services sector earnings this month
McDonald’s's report follows an earnings beat by Amazon.com on October 29, who reported EPS of $12.37 on revenue of $96.15B, compared to forecasts EPS of $7.41 on revenue of $92.78B.
Alibaba ADR had beat expectations on Thursday with second quarter EPS of $18 on revenue of $155.06B, compared to forecast for EPS of $13.82 on revenue of $154.87B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar