UPDATE: McDonald's Q2 Net Income Down 4.5%
McDonald's (NYSE: MCD) reported a 4.5% drop in its second-quarter net income.
McDonald's quarterly earnings fell to $1.35 billion, or $1.32 per share, versus $1.41 billion, or $1.35 per share, in the year-ago period.
Its revenue rose to $6.92 billion from $6.91 billion. However, analysts were expecting a profit of $1.38 per share on revenue of $6.94 billion. Globally, McDonald's comparable-store sales increased 3.7%.
McDonald's shares fell 1.90% to $89.84 in pre-market trading.
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