McDonald's Ready for its Quarterly Earnings Release

Published on Thursday, 22 July 2010 10:36 Written by Christopher Lynn

New York, July 22nd (TradersHuddle.com) - Shares of McDonald's Corp. (NYSE:MCD) are trading higher by +1.82% ahead of its quarterly earnings release. McDonald's, the largest restaurant chain in the world is expected to release its quarterly results on July 23^rd.

Wall Street Analysts consensus calls for a profit of $1.12 a share on $5.91 billion revenue.

McDonald's estimates have a range of $0.08 a share. The high estimate calls for profit of $1.16 a share and the low estimate is calling for a profit of $1.08 a share, a year ago for the quarter the company reported $0.97 a share.

McDonald's Corporation (NYSE:MCD) operates and franchises fast-food restaurants around the world. The Company's operates the largest restaurant chain in the world. McDonald's sells low price items primarily hamburgers and chicken items, along with breakfast biscuits and coffee. McDonald's, the seller of Big Mac's, was founded in 1948 and is based in Oak Brook, IL.