Investing.com - Fast food giant McDonald’s reported better-than-expected fourth-quarter earnings and revenue on Wednesday.
Earlier in the day, in its fourth quarter earnings report, McDonald’s said earnings per share came in at USD1.38 compared to expectations for USD1.33 per share.
The company’s fourth quarter revenue totaled USD6.95 billion, 2% higher than a year-ago and above expectations for revenue of USD6.9 billion.
The company also reported global comparable sales rose 0.1% in the fourth quarter, confounding expectations for a 0.3% decline.
Following the release of the report, shares in MCD swung between small gains and losses.
Meanwhile, the outlook for U.S. equity markets was mixed. The Dow Jones Industrial Average futures indicated a flat open, S&P 500 futures pointed to a loss of 0.1% and Nasdaq 100 futures indicated an advance of 0.1% at the open.
Earlier in the day, in its fourth quarter earnings report, McDonald’s said earnings per share came in at USD1.38 compared to expectations for USD1.33 per share.
The company’s fourth quarter revenue totaled USD6.95 billion, 2% higher than a year-ago and above expectations for revenue of USD6.9 billion.
The company also reported global comparable sales rose 0.1% in the fourth quarter, confounding expectations for a 0.3% decline.
Following the release of the report, shares in MCD swung between small gains and losses.
Meanwhile, the outlook for U.S. equity markets was mixed. The Dow Jones Industrial Average futures indicated a flat open, S&P 500 futures pointed to a loss of 0.1% and Nasdaq 100 futures indicated an advance of 0.1% at the open.