McDonald's Corp. (NYSE: MCD) reported Q2 EPS of $1.38, $0.02 worse than the analyst estimate of $1.40. Revenue for the quarter came in at $7.08 billion versus the consensus estimate of $7.1 billion.

Global comps up 1.0 percent.

U.S. comps improved 1.0 percent, Europe fell 0.1 percent, and Asia/Pacific, Middle East and Africa (APMEA) slipped 0.3 percent.

McDonald's results for the quarter reflect our efforts to strengthen our business momentum for the long-term, commented CEO Don Thompson. While the informal eating out market remains challenging and economic uncertainty is pressuring consumer spending, we're continuing to differentiate the McDonald's experience by uniting consumer insights, innovation and execution.

Looking ahead, Thompson commented, While our consolidated results this quarter were positive, global comparable sales for July are expected to be relatively flat. Based on recent sales trends, our results for the remainder of the year are expected to remain challenged. Throughout McDonald's history, we have succeeded in a variety of operating and economic environments. I am confident that our System, global infrastructure and the unique and evolving McDonald's brand experience will enable us to deliver sustained profitable growth for the long-term.

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