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McDonald’s misses on Q2 EPS; shares plunge 3%

Investing.com -

Investing.com - McDonald's moved lower in pre-market trade after the fast food chain reported worse-than-expected profit on Tuesday.

Specifically, the company reported earnings-per-share (EPS) of $1.25.

Revenue fell by 3.5% to $6.27 billion.

Analysts had forecast EPS of $1.38 on revenue of $6.24 billion.

Investors now await the company's conference call at 11:00AM ET, or 15:00GMT.

After the report, shares in McDonald's Corporation (NYSE:MCD) traded down 2.67% to $124.00 in the pre-market.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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