McDonald's slides as weak US growth leads to earnings miss - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

McDonald's slides as weak US growth leads to earnings miss

traded as much as 3.3% lower on Tuesday after the company posted third-quarter profit and revenue that fell short of analyst estimates. $5.43 billion, compared to $5.48 billion expected by analysts$1.61 billion, versus $1.69 billion forecasted by analysts

While international sales rose, McDonalds struggled to grow its business in the US. Domestic same-store sales climbed 4.8%, slowing significantly from last quarter's 5.7% growth.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market investing: US versus global equities trend set to reverse - Business InsiderMORGAN STANLEY: US stocks are poised to end their worldly dominance for the first time since the financial crisis. Here’s the best way to profit from that shift. soooooo..... r we winning yet? 🙄
Source: BusinessInsider - 🏆 729. / 51 Read more »

Facebook deletes fake accounts from Iran, Russia ahead of US election - Business InsiderFacebook CEO Mark Zuckerberg said the social media platform is prepared to fight interference in the 2020 election, but the task is never-ending. ooooh -'dozens' - look out!
Source: BusinessInsider - 🏆 729. / 51 Read more »

US neobank Chime suffers major outage - Business InsiderUS neobank Chime was hit by an outage on Wednesday that lasted more than 24 hours, leaving customers unable to make withdrawals or deposits. I bank with Ally and love it!💃💰
Source: BusinessInsider - 🏆 729. / 51 Read more »

Harley-Davidson profit falls 24% on weak U.S. demand - Business InsiderHarley-Davidson topped Wall Street expectations despite falling profits — and the stock is surging
Source: BusinessInsider - 🏆 729. / 51 Read more »

15 mind-blowing facts about Halloween candy consumption in the US - Business InsiderEach Halloween season, millions of Americans flock to supermarkets and convenience stores to buy candy for trick-or-treaters.
Source: BusinessInsider - 🏆 729. / 51 Read more »