McDonald's beats 2Q net income and revenue expectations

MarketsAssociated Press

McDonald's Corp. (MCD) on Thursday reported second-quarter profit of $1.2 billion.

On a per-share basis, the Oak Brook, Illinois-based company said it had net income of $1.26.

Continue Reading Below

The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.

The world's biggest hamburger chain posted revenue of $6.5 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $6.45 billion.

McDonald's shares have risen 4 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 3 percent. The stock has dropped almost 4 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCD at http://www.zacks.com/ap/MCD

_____

Keywords: McDonald's, Earnings Report, Priority Earnings