Friday, January 24, 2014

McDonald’s Beats Earnings Estimates But Comparable Sales Disappoint

McDonald’s Corporation (MCD) announced results for the fourth quarter of fiscal year 2013 (4QFY13), along with a few figures for the full FY13. In the latest quarter, the company reported net income of $1,397 million, which translates to earnings per share (EPS) of $1.4.
EPS was up 1% over 4QFY12, and beat estimates of $1.39.
Revenues, on the other hand, were largely in line with expectation at $7.09 billion, up 2% from 4QFY13.
McDonald’s reported EPS of $5.55 for the full year, which was again in line with expectations. Revenues for FY13 came in at $28.1 billion.
Read More : MCD

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