NewzCHICAGO (AP) — CHICAGO (AP) — McDonald’s Corp. (MCD) on Tuesday reported second-quarter earnings of $2.36 billion. The Chicago-based company said it had profit of $3.32 per share.
Earnings, adjusted for non-recurring costs, came to $3.38 per share. The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.32 per share.
The world’s biggest hamburger chain posted revenue of $7.1 billion in the period, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $7.14 billion. _____ 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 https://www.zacks.com/ap/MCD Source (KNF) on Tuesday reported second-quarter earnings of $43.9 million. The Bismarck, North Dakota-based company said it had net income of 77 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share. The construction materials company posted revenue of $938.6 million in the period, topping Street forecasts.
Three analysts surveyed by Zacks expected $923.7 million. Knife River expects full-year revenue in the range of $3.4 billion to $3.6 billion. Access a Zacks stock report on KNF at https://www.zacks.com/ap/KNF Source
Summary from source