McDonald’s (NYSE:MCD) reported first quarter earnings that Beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.78 on revenue of $4.96B. Analysts polled by expected EPS of $1.76 on revenue of $4.94B. That compared to EPS of $1.79 on revenue of $5.14B in the same period a year earlier. The company had reported EPS of $1.97 on revenue of $5.16B in the previous quarter.
McDonald’s shares gained 2.22% to trade at $201.50 in pre-market trade following the report.
McDonald’s follows other major Services sector earnings this month
On Thursday, Amazon.com reported first quarter EPS of $7.09 on revenue of $59.7B, compared to forecasts of EPS of $4.7 on revenue of $59.68B.
Visa A earnings Beat analysts' expectations on April 24, with second quarter EPS of $1.31 on revenue of $5.49B. analysts expected EPS of $1.24 on revenue of $5.46B
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