McDonald's: Q4 Earnings Snapshot
McDonald's: Q4 Earnings Snapshot
By AP News
Published - Jan 31, 2023, 07:11 AM ET
Last Updated - Jun 23, 2023, 12:07 AM EDT
CHICAGO (AP) _ McDonald's Corp. (MCD) on Tuesday reported fourth-quarter profit of $1.9 billion.
On a per-share basis, the Chicago-based company said it had net income of $2.59.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.46 per share.
The world's biggest hamburger chain posted revenue of $5.93 billion in the period, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $5.7 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a MCD">Zacks stock report on MCD at https://www.zacks.com/ap/MCD
