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McDonald’s slides as weak US growth leads to earnings miss (MCD)

MCD stock

  • 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.

McDonald’s shares traded as much as 3.3% lower on Tuesday after the company posted third-quarter profit and revenue that fell short of analyst estimates. read more >>>

Source:: BusinessInsider.Com