Fast Food and Steady Earnings - McDonalds 3rd Quarter Earnings Review

On Wed morning, McDonald's (MCD) reported per share earnings of $1.05, enough for something off the Dollar Menu with change back. Analysts were expecting $0.98. For the first nine months of 2008, MCD has earned $2.89 per share putting them on track to exceed analysts' full year 2008 estimates.

Comparable sales and operating income were up in all global regions even after adjusting European and Asia, Pacific, Middle East and Africa sales for currency exchange rates.

In the press release, CEO Jim Skinner stated, "... October sales trends remain strong and I am optimistic about McDonald's outlook."

by Russ's Picks | 10/28/08 | Stocks: MCD,

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Fast Food and Steady Earnings - McDonalds 3rd Quarter Earnings Review

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