Company News: McDonald's (MCD) quarterly earnings miss analysts’ expectations

Market news

28 July 2020

Company News: McDonald's (MCD) quarterly earnings miss analysts’ expectations

McDonald's (MCD) reported Q2 FY 2020 earnings of $0.66 per share (versus $2.05 per share in Q2 FY 2019), missing analysts’ consensus estimate of $0.76 per share.

The company’s quarterly revenues amounted to $3.761 bln (-29.6% y/y), generally in line with analysts’ consensus estimate of $3.735 bln.

MCD fell to $197.52 (-1.85%) in pre-market trading.

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