Investing.com - McDonald’s reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
McDonald’s announced earnings per share of $2.37 on revenue of $5.89B. Analysts polled by Investing.com anticipated EPS of $2.11 on revenue of $5.58B.
McDonald’s shares are up 14% from the beginning of the year and are trading at $246.35 , down-from-52-week-high.They are under-performing the S&P 500 which is up 17.18% 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 Monday, who reported EPS of $1.45 on revenue of $11.96B, compared to forecasts EPS of $0.9364 on revenue of $11.53B.
Louis Vuitton ADR had beat expectations on Monday with second quarter EPS of $1.74 on revenue of $17.39B, compared to forecast for EPS of $1.45 on revenue of $16.61B.
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