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McDonald’s Earnings, Revenue Miss in Q4 -Breaking

by Mike Robinson

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© Reuters. McDonald’s Earnings, Revenue Miss in Q4

Investing.com – McDonald’s reported on Thursday fourth quarter 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. Investing.com polled analysts and predicted an EPS of 2.34 for $6.03B in revenue.

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 exceeded expectations with Wednesday’s fourth quarter earnings per share (EPS) of $0.22 on revenues of $1.01B. That compares with the $-0.2386 forecast on revenue revenue of 1.05B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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