McDonald’s tops Street 2Q forecasts

SHARE McDonald’s tops Street 2Q forecasts

In this July 7, 2015, photo, images of Minions adorn a McDonald’s restaurant, in Chicago. | Getty Images file

OAK BROOK — McDonald’s Corp. (MCD) on Thursday reported second-quarter profit of $1.2 billion.

On a per-share basis, the Oak Brook, Illinois-based company said it had net income of $1.26.

The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.

The world’s biggest hamburger chain posted revenue of $6.5 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $6.45 billion.

McDonald’s shares have risen 4 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen almost 3 percent. The stock has dropped almost 4 percent in the last 12 months.

The Latest
The crash of two semis caused a small fire. The road is expected to be closed for two to three hours, police said.
The boy was taken to a nearby hospital in serious condition after being grazed in the head, police said.
Another man was wounded Monday in North Lawndale.
Chicago City Council members can select who they want on committees and who should lead them. State law and the city’s own rules clearly spell out they have that power. They just have always opted out and have given the mayor their blessing to do their bidding.
Zack Park, 34, was charged with first-degree murder in the death of 18-year-old John Park on the Northwest Side.