McDonald’s Earnings, Revenue beat In Q3

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McDonald’s Earnings, Revenue beat In Q3
Credit: © Reuters.

Investing.com - McDonald’s reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

McDonald’s announced earnings per share of $2.68 on revenue of $5.87. Analysts polled by Investing.com anticipated EPS of $2.59 on revenue of $5.72B.

McDonald’s shares are down 4% from the beginning of the year and are trading at $256.61 , down-from-52-week-high.

McDonald’s follows other major Consumer Discretionary sector earnings this month

McDonald’s's report follows an earnings beat by Tesla on Wednesday, October 19, 2022, who reported EPS of $1.05 on revenue of $21.45B, compared to forecasts EPS of $1.03 on revenue of $22.5B.

Nike had beat expectations on Thursday, September 29, 2022 with first quarter EPS of $0.93 on revenue of $12.69B, compared to forecast for EPS of $0.922 on revenue of $12.28B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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