© Reuters. McDonald’s Earnings, Revenue Beat in Q1
Investing.com – McDonald’s reported on Thursday first quarter that beat analysts’ forecasts and revenue that topped expectations.
McDonald’s announced earnings per share of $2.28 on revenue of $5.67B. Analysts polled by Investing.com anticipated EPS of $2.17 on revenue of $5.57B.
McDonald’s shares are down 7% from the beginning of the year, still down 8.85% from its 52 week high of $271.15 set on January 4. They are outperforming the S&P Global 100 which is down 10.1% from the start of the year.
McDonald’s follows other major Consumer Discretionary sector earnings this month
McDonald’s’s report follows an earnings beat by Tesla on April 20, who reported EPS of $3.22 on revenue of $18.76B, compared to forecasts EPS of $2.26 on revenue of $17.87B.
Ford Motor had beat expectations on Wednesday with first quarter EPS of $0.38 on revenue of $34.48B, compared to forecast for EPS of $0.3798 on revenue of $34.53B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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