Investing.com - McDonald’s reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
McDonald’s announced earnings per share of $2.76 on revenue of $6.20B. Analysts polled by Investing.com anticipated EPS of $2.46 on revenue of $6.06B.
McDonald’s shares are up 5% from the beginning of the year and are trading at $236.42 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 20.73% 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 Visa A on Tuesday, who reported EPS of $1.62 on revenue of $6.56B, compared to forecasts EPS of $1.55 on revenue of $6.52B.
Netflix had beat expectations on Tuesday, October 19, 2021 with third quarter EPS of $3.19 on revenue of $7.48B, compared to forecast for EPS of $2.57 on revenue of $7.48B.
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