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-0.000545315737812162 -0.00158141563965532 -0.00283564183662331 0.00338095757443562 0.00468971534518494 0.00534409423055959 0.00163594721343664 0.000490784164030993
Stock impact report

McDonald's profit misses estimates, shares drop 4% [Reuters]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: Reuters
McDonald's profit misses estimates, shares drop 4% (Reuters) - McDonald’s Corp ( MCD.N ) missed Wall Street estimates for quarterly profit on Thursday as some restaurants in Europe and elsewhere remained closed to curb the spread of the coronavirus pandemic. Shares of McDonald's, a Dow 30 .DJI component, fell more than 4% after Wall Street opened. The stock has lost about 5% so far this year. Chief Executive Officer Chris Kempczinski also said he believed the world’s largest fast-food company “reached a trough in terms of number of restaurants closed in late March.” About 75% of its 39,000 restaurants around the world were operational as of Thursday, including almost all of its nearly 14,000 restaurants in the United States. The company also said it had resumed operations in nearly all of its restaurants in China, where the virus was first detected late last year, although demand remained low as consumers had not fully returned to their routines. In the United States, the company’s Show less Read more
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