McDonald's Reports Lower Profit and Revenue but Beats Estimates
23 October 2018 - 11:41PM
Dow Jones News
By Allison Prang
McDonald's Corp. (MCD) reported net income that fell from the
comparable quarter a year ago but beat analysts' estimates on
revenue and profit.
The company's third-quarter profit fell 13% to $1.64 billion. It
said earnings were $2.10 a share, down from $2.32 a share. Analysts
polled by Refinitiv expect earnings of $2 a share, or $1.99 a share
on an adjusted basis.
Revenue fell 6.7% to $5.37 billion. Analysts polled by Refinitiv
were expecting revenue of $5.32 billion.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 23, 2018 08:26 ET (12:26 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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