Company News: McDonald's (MCD) quarterly earnings beat analysts’ forecast

Market news

9 November 2020

Company News: McDonald's (MCD) quarterly earnings beat analysts’ forecast

McDonald's (MCD) reported Q3 FY 2020 earnings of $2.20 per share (versus $2.11 per share in Q3 FY 2019), beating analysts’ consensus estimate of $1.90 per share.

The company’s quarterly revenues amounted to $5.418 bln (-1.5% y/y), roughly in line with analysts’ consensus estimate of $5.365 bln.

The company also declared a 3% increase in its quarterly cash dividend to $1.29 per share.

MCD rose to $229.94 (+6.18%) in pre-market trading.

S&P 500 Index tend to perform well in the three-month period following an election - MUFG

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