McDonald’s earnings decrease from last year but beat estimates

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US fast food giant McDonald’s announced second quarter earnings on Tuesday that were down on last year’s numbers, but still beat Wall Street estimates. The company’s bottom line totalled $1.19 billion, or $1.60 per share. This compares with $2.22 billion, or $2.95 per share, in last year’s second quarter. McDonald’s reported adjusted earnings of $1.89 billion or $2.55 per share for the period. Analysts on average had expected the company to earn $2.47 per share, according to figures compiled by Thomson Reuters. The company’s revenue for the quarter fell 2.9% to $5.72 billion from $5.89 billion…

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