Monday, July 16, 2007

McDonald's sees profit above Street, June sales jump

(Reuters) - Analysts, on average, had been expecting earnings of 67 cents a share, excluding one-time items, according to Reuters Estimates.




In April, McDonald's said it would sell about 1,600 restaurants in Latin America and the Caribbean to a franchisee. Including the impact of this sale, the company will post a net loss of 60 cents a share in the second quarter.


Read more at Reuters.com Business News

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