McDonald's 3Q earnings down on tech investment

McDonald's 3Q earnings down on tech investment

5 years ago
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https://apnews.com/2cffa97a7b784789ae95e631c4cca339

McDonald's says it's setting itself up for future growth by investing now in advances like voice recognition ordering technology. But for some investors, the short-term financial pain is hard to swallow.

McDonald's net income dropped 2% to $1.6 billion in the third quarter as it rapidly remodeled stores and expanded delivery. Quarterly earnings at the Chicago company were flat at $2.11 per share. Wall Street was looking for per-share earnings of $2.21, according to analysts polled by FactSet.

McDonald's 3Q earnings down on tech investment

Oct 22, 2019, 6:15pm UTC
https://apnews.com/2cffa97a7b784789ae95e631c4cca339 > McDonald's says it's setting itself up for future growth by investing now in advances like voice recognition ordering technology. But for some investors, the short-term financial pain is hard to swallow. > McDonald's net income dropped 2% to $1.6 billion in the third quarter as it rapidly remodeled stores and expanded delivery. Quarterly earnings at the Chicago company were flat at $2.11 per share. Wall Street was looking for per-share earnings of $2.21, according to analysts polled by FactSet.