Investing.com - McDonald’s reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
McDonald’s announced earnings per share of $2.23 on revenue of $6.01B. Analysts polled by Investing.com anticipated EPS of $2.34 on revenue of $6.03B.
McDonald’s shares are down 6% from the beginning of the year, still down 7.86% from its 52 week high of $271.15 set on January 4. They are broadly in line with the S&P Global 100 which is down 5.99% 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, who reported EPS of $2.54 on revenue of $17.72B, compared to forecasts EPS of $2.25 on revenue of $16.88B.
Las Vegas Sands had beat expectations on Wednesday with fourth quarter EPS of $-0.22 on revenue of $1.01B, compared to forecast for EPS of $-0.2386 on revenue of $1.05B.
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