Fast-food behemoth McDonald's (NYSE: MCD) came in with earnings that were in line with consensus Street estimates; however, revenues for the restaurant stock fell slightly short of expectations for the quarter.
The restaurant said it earned $1.09 billion, or 98 cents per share, compared with $1.19 billion, or $1.04, in the year-earlier quarter.
Revenue, including results from franchised outlets, fell to $5.65 billion, which was below the Street's estimate of $5.7 billion.
McDonald's did say that revenue would have risen 4% save for currency fluctuations; i.e., a strong U.S. dollar. And the company managed to beat consensus Street estimates for earnings of 97 cents per share.
I rate MCD a C, or hold.
At the time of publication, Louis Navellier held positions in McDonald's.
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