McDonald's (MCD) PT Cut to $86 at Jefferies
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McDonald's (MCD) Posts Q3 adj.-EPS of $1.51; Global Comps Fell 3.3%
October 21, 2014 7:59 AM EDT(Updated - October 21, 2014 8:01 AM EDT)
McDonald's (NYSE: MCD) reported Q3 EPS of $1.09, $0.29 worse than the analyst estimate of $1.38. Revenue for the quarter came in at $6.99 billion versus the consensus estimate of $7.2 billion.
EPS was $1.51, excluding all of the following items:
$0.26 per share due to an increase in tax reserves for 2003-2008 resulting from an unfavorable lower tax court ruling in a foreign tax jurisdiction, as well as an increase in tax reserves related to audit progression in other foreign tax jurisdictions.$0.15 per share due to... More