McDonald’s slides as weak US growth leads to earnings miss (MCD)
|10/22/2019||Posted by BusinessMediaguide.Com under General World News||
- Shares of McDonald’s dipped as much as 4% on Tuesday after the the fast-food chain reported third-quarter sales and profit that fell below Wall Street estimates.
- The company posted $1.61 billion in profit for the quarter, falling below analysts forecasts of $1.69 billion as sales in the US slumped.
- US same-store sales growth slowed to 4.8% during the period, down from an increase of 5.7% in the second quarter.
- Watch McDonald’s trade live.