McDonald's: Fourth Quarter Earnings Overview
McDonald's Surpasses Earnings Expectations in Fourth Quarter
McDonald's Corporation, headquartered in Chicago, announced on Wednesday that it achieved a net profit of $2.16 billion for the fourth quarter.
The company reported earnings of $3.03 per share, with adjusted earnings—excluding one-time expenses—reaching $3.12 per share.
These figures exceeded analysts' predictions, as a consensus of 12 experts polled by Zacks Investment Research had anticipated earnings of $3.05 per share.
In terms of revenue, McDonald's generated $7.01 billion during the quarter, outperforming the $6.85 billion forecasted by 10 analysts surveyed by Zacks.
Financial data for this article was provided by Zacks Investment Research and compiled by Automated Insights.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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