Finance
McDonald’s earnings beat even as US sales growth slows
Kate
Taylor
McDonald’s
on Thursday reported second-quarter earnings that topped
analysts’ expectations, but its US sales growth fell short.
The fast-food chain posted $1.99 in adjusted earnings per share,
beating the forecast for $1.93 according to Bloomberg.
US comparable sales, at locations open for at least one year,
increased by 2.6%, missing the forecast for 3% growth. The US
growth was partly driven by price increases, the company
said.
Second-quarter revenue totaled $5.35 billion, beating the
forecast for $5.33 billion
McDonald’s shares were little changed, up by less than 1%, ahead
of the market open; they fell 7.7% this year through Wednesday’s
close.
Thoma Bravo to take UK cybersecurity company Darktrace private in $5B deal
Summer Movie Preview: From ‘Alien’ and ‘Furiosa’ to ‘Deadpool and Wolverine’
Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs
Monsta X’s I.M on making music, gaming, and being called ‘zaddy’
Petlibro’s new smart refrigerated wet food feeder is what your cat deserves
The books on your favorite creators’ TBR shelf
Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs
Rabbit R1 hands-on review: Something is iffy about this
UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic, and Inflection
‘Shōgun’ co-creators break down the finale: ‘It’s a story about death’
API startup Noname Security nears $500M deal to sell itself to Akamai
US think tank Heritage Foundation hit by cyberattack
NASA discovered bacteria that wouldn’t die. Now it’s boosting sunscreen.
How to watch ‘Argylle’: When and where is it streaming?
Tesla drops prices, Meta confirms Llama 3 release, and Apple allows emulators in the App Store
Tesla layoffs hit high performers, some departments slashed, sources say
TechCrunch Mobility: Cruise robotaxis return and Ford’s BlueCruise comes under scrutiny
Meta to close Threads in Turkey to comply with injunction prohibiting data-sharing with Instagram
Former top SpaceX exec Tom Ochinero sets up new VC firm, filings reveal
Consumer Financial Protection Bureau fines BloomTech for false claims
Thoma Bravo to take UK cybersecurity company Darktrace private in $5B deal
Summer Movie Preview: From ‘Alien’ and ‘Furiosa’ to ‘Deadpool and Wolverine’
Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs
Monsta X’s I.M on making music, gaming, and being called ‘zaddy’
Petlibro’s new smart refrigerated wet food feeder is what your cat deserves
The books on your favorite creators’ TBR shelf
Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs
Rabbit R1 hands-on review: Something is iffy about this
UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic, and Inflection
‘Shōgun’ co-creators break down the finale: ‘It’s a story about death’
-
Entertainment7 days agoWhat Robert Durst did: Everything to know ahead of ‘The Jinx: Part 2’
-
Entertainment6 days agoThis nova is on the verge of exploding. You could see it any day now.
-
Business6 days agoIndia’s election overshadowed by the rise of online misinformation
-
Business6 days agoThis camera trades pictures for AI poetry
-
Business7 days agoCesiumAstro claims former exec spilled trade secrets to upstart competitor AnySignal
-
Business5 days agoTikTok Shop expands its secondhand luxury fashion offering to the UK
-
Business6 days agoBoston Dynamics unveils a new robot, controversy over MKBHD, and layoffs at Tesla
-
Entertainment6 days agoEarth will look wildly different in millions of years. Take a look.
