Investing.com – McDonald’s reported third quarter that missed analysts’ expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.11 on revenue of $5.43B. Analysts polled by Investing.com expected EPS of $2.21 on revenue of $5.49B. That compared to EPS of $2.05 on revenue of $5.37B in the same period a year earlier. The company had reported EPS of $2.05 on revenue of $5.34B in the previous quarter.
McDonald’s shares lost 3.26% to trade at $203.00 in pre-market trade following the report.
McDonald’s follows other major Services sector earnings this month
On October 3, Costco reported fourth quarter EPS of $2.69 on revenue of $47.5B, compared to forecasts of EPS of $2.54 on revenue of $47.44B.
Netflix earnings beat analysts’ expectations on October 16, with third quarter EPS of $1.47 on revenue of $5.24B. Investing.com analysts expected EPS of $1.03 on revenue of $5.25B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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