Investing.com - McDonald’s (NYSE:MCD) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
McDonald’s announced earnings per share of $0.65 on revenue of $3.76B. Analysts polled by Investing.com anticipated EPS of $0.74 on revenue of $3.7B.
McDonald’s shares are up 1% from the beginning of the year and are trading at $201.25 , down-from-52-week-high.They are outperforming the S&P 500 which is up 0.27% 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 Verizon on Friday, who reported EPS of $1.18 on revenue of $30.45B, compared to forecasts EPS of $1.15 on revenue of $29.92B.
Netflix had missed expectations on Thursday, July 16, 2020 with second quarter EPS of $1.59 on revenue of $6.15B, compared to forecast for EPS of $1.82 on revenue of $6.08B.
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