McDonald's Earnings (MCD) Miss Expectations In Second Quarter On Weakness In Europe, Asia
McDonald's Corp. (MCD) earnings slightly missed forecasts as the company reported earnings of $1.38 per share for the second-quarter on revenue of $7.08 billion. Analysts polled by Reuters expected McDonald's to report second-quarter earnings of $1.40 per share on revenue of $7.10 billion, compared with a profit of $1.32 a share on revenue of $6.92 billion in the year-ago quarter.
This morning, McDonald's (MCD) reported second quarter earnings of $1.4 billion, or $1.38 per share, missing Wall Street estimates of $1.40 per share. While revenue met expectations at $7.08 billion, investors remain concerned that other fast food establishments might be eating away at McDonald's market share.
This morning, McDonald's (MCD) reported fourth quarter earnings of $1.4 billion, or $1.40 per share, as revenue climbed to $7.09 billion. The company topped Wall Street earnings estimates by a penny, but fell just short of revenue estimates.
Keith Bliss, senior vice president and director of sales & marketing at Cuttone & Co., Inc., weighs in on McDonald's Corp. (MCD) earnings as the company missed forecasts after reporting earnings of $1.38 per share for the second-quarter on revenue of $7.08 billion.
This morning, McDonald's (MCD) reported third quarter earnings of $1.52 billion, or $1.52 per share, as revenue climbed to $7.32 billion. Whiles sales were just light of estimates, the company did top consensus earnings by a penny.
On Thursday evening, McDonald's (MCD) declared its quarterly dividend of 77 cents per share, maintaining the amount paid to shareholders the last quarter. Based on the current stock price, investors can expect a yield of about 3.1% going forward.
Deutsche Telekom AG (Xetra: DTE), which owns 74 percent of T-Mobile US Inc (NYSE: TMUS), saw shares jump on Thursday, as the company said it grew its customer base in the U.S. more than expected after the company offered the Apple Inc. (Nasdaq: AAPL) iPhone. Deutsche Telekom AG said net profit increased 10 percent for the quarter to 530 million euros, or $704 million, as the German company added 688,000 postpaid customers in the U.S.; however, it added its full year earnings will fall despite
Wal-Mart Stores Inc. (NYSE:WMT) is forecast to report second quarter earnings of $1.25 per share on revenue of $118.74 billion on Thursday, August 15, compared with earnings of $1.18 per share on revenue of $114.30 billion in the year-ago quarter, according to analysts polled by Reuters. “I would expect probably a relatively uneventful number from Walmart, but I would really point to their guidance,” said Jason A. Weisberg of Seaport Securities from the floor of the New York Stock Exchange (NYS
This morning, McDonald's (MCD) declared its quarterly dividend of 77 cents per share, maintaining the amount paid to shareholders last quarter. Based on the current stock price, investors can expect a yield of about 3.1% going forward.
Netflix on Monday released its first-quarter financial results, with the company beating analyst expectations. For the first three months of the year, the company reported earnings of 86 cents per share on revenues of $1.27 billion. Earnings were above analyst expectations of 83 cents a share, while revenues were in-line with the $1.27 billion Wall Street forecast for the quarter. In last year’s first quarter, Netflix earned 5 cents a share on $1 billion in revenue.
Foot Locker, Inc. (NYSE: FL) reported second quarter profit of $66 million, or 44 cents a share, compared with $59 million, or 39 cents a share, in the year-ago period. The company reported quarterly adjusted earnings of 46 cents per share on $69 million in revenue, while Wall Street had expected the company to issue earnings of 47 cents on $1.45 billion in revenue, according to analysts polled by Reuters. Revenue rose 6 percent to $1.45 billion, from $1.37 billion a year earlier.
This morning, McDonald's (MCD) reported first quarter earnings of $1.27 billion, or a $1.26 per share, a slight increase over the same quarter last year. While earnings were higher in the quarter, the fast food chain reported a decrease in sales at locations open longer than a year and weakness across Europe, Asia, the Middle East and Africa.
Jonathan Corpina, senior managing partner with brokerage firm Meridian Equity Partners Inc., discusses jobless claims data released Thursday, and how companies such as McDonald's Corporation (NYSE: MCD) are seeing sales declines in Europe and Asia. Data revealed jobless claims dropped to the lowest level since 2007, while the number of continuing unemployment-benefit claims increased by 67,000 to 3,018,000 in the week ended July 27. McDonald's Corporation (NYSE: MCD) issued July same-store sal