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McDonald's tops Street 2Q forecasts

McDonald's beats 2Q net income and revenue expectations

Associated Press

OAK BROOK, Ill. (AP) _ McDonald's Corp. (MCD) on Tuesday reported second-quarter earnings of $1.4 billion.

The Oak Brook, Illinois-based company said it had profit of $1.70 per share. Earnings, adjusted for non-recurring costs, were $1.73 per share.

The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.62 per share.

The world's biggest hamburger chain posted revenue of $6.05 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $6 billion.

McDonald's shares have climbed 25 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 10 percent. The stock has climbed 18 percent in the last 12 months.

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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

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Keywords: McDonald's, Earnings Report, Priority Earnings