McDonald's Turns In Mixed Earnings as Middle East Boycotts Hit Sales; Stock Tumbles

Despite a fourth-quarter earnings beat from McDonald's Corp. (MCD) Monday, investors focused on the company missing its revenue estimates, sending the company's stock sharply lower.The international fast-food giant posted better-than-expected diluted earnings per share of $2.95 as revenue rose 8% from the year-ago period to $6.41 billion, which was slightly shy of expectations.The big concern for investors was the impact on sales from boycotts tied to the Israel-Hamas war. The company's International Develo ...