Foodservice retailer McDonald’s Corporation (NYSE: MCD) has delivered better-than-expected earnings in the second quarter of 2022. Earnings per share surpassed the consensus estimate by 3.2%. However, sales lagged expectations by 1.4%. Despite the sales miss, upbeat earnings and healthy comparable sales seem to have lifted the market sentiments for MCD stock. Shares of this $185.2-billion fast food chain operator rose 2.6% to close at $257.09 on Tuesday. Highlights of McDonald’s Q2 Results In the quarter, the company’s adjusted earnings stood at $2.55 per share, above the consensus estimate of $2.47 per share. The bottom line grew 8% from the year-ago quarter.
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McDonalds (NYSE:MCD)
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