Investing.com - McDonald’s (NYSE:MCD) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $2.1 on revenue of $5.37B. Analysts polled by Investing.com expected EPS of $2 on revenue of $5.31B. That compared to EPS of $1.76 on revenue of $5.75B in the same period a year earlier. The company had reported EPS of $1.99 on revenue of $5.35B in the previous quarter.
McDonald’s shares gained 1.54% to trade at $169.20 in pre-market trade following the report.
For the year, McDonald’s shares are down 4.09%, under-performing the S&P 500 which is up 2.69% year to date.
McDonald’s follows other major Services sector earnings this month
On Tuesday, Verizon (NYSE:VZ) reported third quarter EPS of $1.19 on revenue of $32.61B, compared to forecasts of EPS of $1.19 on revenue of $32.49B.
Netflix (NASDAQ:NFLX) earnings beat analyst's expectations on Tuesday, October 16, 2018, with third quarter EPS of $0.89 on revenue of $4B. Investing.com analysts expected EPS of $0.68 on revenue of $4B
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