Strong Earnings Will Likely Boost McDonald's Stock on day true story
From the McRib to the McBaguette, McDonald's continues to attract consumers around the world, which makes the stock all the more appetizing for investors.
And Friday morning, more good news was on the menu.
McDonald's (ticker: MCD) reported first-quarter earnings of $1.27 billion, or $1.23 a share, up from $1.15 a share in the year-ago period. Revenue grew 8% excluding currency fluctuations to $6.55 billion. The results were mostly in-line with analysts' expectations of $1.23 a share in earnings on revenue of $6.54 billion.
McDonald's stock was up 2.2% on the news to a recent $97.40. Yet we would order up ...
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