UPDATE: McDonald's Q2 EPS $3.17 Beats $2.79 Estimate, Sales $6.50B Beat $6.29B Estimate
Portfolio Pulse from Benzinga Newsdesk
McDonald's reported its Q2 earnings with an EPS of $3.17, beating the estimate of $2.79. The company's sales also surpassed the estimate, coming in at $6.50B against the expected $6.29B.
July 27, 2023 | 1:19 pm
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POSITIVE IMPACT
McDonald's Q2 earnings surpassed estimates, which could lead to a positive market reaction.
McDonald's reported better than expected Q2 earnings, with both EPS and sales beating estimates. This positive financial performance could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100