MCD Stock Alert: McDonald's Misses Revenue Estimates for First Time in 4 Years
McDonald’s (NYSE:MCD) failed to meet revenue estimates for the first time in four years, blaming its international business. For the fourth quarter, McDonald’s reported net income of $2 billion, $2.80 per share fully diluted, with revenue of $6.4 billion. Shares fell about 1.7% over the weekend and fell further once the market opened. MCD stock entered trade this morning at $287.74, a market capitalization of $210 billion and 25 times earnings.Not Loving ItThe miss on revenue was less than 1%, and the compa ...