|
|
|
|
||
McDonald's Stock Rises as Strong International Sales Lead to an Earnings BeatMcDonald's Stock Rises as Strong International Sales Lead to an Earnings Beat Barron's (Online); New York Shares of McDonald's were rising in premarket trading Thursday after the fast-food giant reported better-than-expected first-quarter revenue, bolstered by strong international sales and higher prices. The stock was up nearly 2% to $252.03. It has fallen almost 8% year to date. The Dow Jones Industrial Average has declined 8.4%. Revenue rose 11% to $5.67 billion, compared to the $5.57 billion analysts were looking for, according to FactSet. Global same-store sales grew 11.8% in the quarter, thanks to markets like France and the United Kingdom. In the U.S., same-store sales increased 3.5%. Adjusted earnings were $2.28 a share, compared to the FactSet consensus of $2.17. Net income was $1.1 billion, or $1.48 a share, down from $1.54 billion, or $2.05 per share, last year. |
return to message board, top of board |