Investing.com - Fast food giant McDonald’s reported lower-than-expected second quarter earnings and revenue on Monday, sending its shares lower in premarket trade.
Earlier in the day, in its second quarter earnings report, McDonald’s said earnings per share came in at USD1.38, missing expectations for USD1.40 per share.
The company’s second quarter revenue totaled USD7.08 billion, below expectations for revenue of USD7.09 billion.
The company also reported global comparable sales rose 1% in the fourth quarter, in line with expectations.
Immediately after the earnings announcement, McDonald’s shares fell 2% in trading prior to the opening bell.
Meanwhile, the outlook for U.S. equity markets was mixed. The Dow Jones Industrial Average futures indicated a loss of 0.1% at the open, S&P 500 futures pointed to a flat open, while Nasdaq 100 futures indicated an advance of 0.1% at the open.