1/28, 1:03 PM (Source: TeleTrader)
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McDonald's EPS down 12% to $1.84 in Q4

McDonald's said on Thursday its diluted earnings per share stood at $1.84 in the fourth quarter of 2020, dropping 12% from the same period a year earlier and missing market estimates.

Net income fell 12% year on year to $1.4 billion, while revenues declined 2% on an annual basis to $5.3 billion in the three-month period. Meanwhile, operating income was down 7% to $2.1 billion. The company added its global comparable sales fell 1.3%.

For the full-year 2020, the fast-food giant's comparable sales slid 7.7% due to the coronavirus crisis. Diluted EPS for the twelve-month period stood at $6.31, falling 20% from 2019.

McDonald's shares lost 1.23% in premarket trading following the announcement of the worse-than-expected results.

Breaking the News / NP