Fast-food giant beats earnings expectations
- McDonald’s stock rises by 0.8% in premarket trading
- Fourth-quarter net income increases by 7% to $2.04 billion
- Earnings per share for the quarter at $2.80
- Revenue rises by 8% to $6.41 billion
McDonald’s Corp. saw its stock rise by 0.8% in premarket trading following the announcement of a fatter profit for the fourth quarter. The company reported a 7% increase in net income to $2.04 billion, or $2.80 per share, compared to $1.9 billion, or $2.59 per share, in the same period last year. After excluding one-time charges, McDonald’s would have earned $1.95 per share, surpassing analysts’ expectations of $1.83 per share. Revenue also saw an 8% rise to $6.41 billion, slightly below the consensus estimate of $6.45 billion.
Public Companies: McDonald’s Corp. (MCD)
Private Companies:
Key People:
Factuality Level: 8
Justification: The article provides specific financial information about McDonald’s fourth-quarter net income and revenue, which can be verified. It also includes analyst expectations from FactSet data. However, it does not provide any additional context or analysis, and there is no indication of potential bias or personal perspective.
Noise Level: 7
Justification: The article provides information on McDonald’s stock performance and financial results for the fourth quarter. However, it lacks analysis, context, and actionable insights. It mainly focuses on the numbers and does not explore the long-term trends or consequences of the company’s performance. Additionally, it does not provide evidence or data to support its claims.
Financial Relevance: Yes
Financial Markets Impacted: McDonald’s Corp.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to the financial performance of McDonald’s Corp., reporting its fourth-quarter net income and revenue. There is no mention of any extreme event.
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