McDonald's (MCD.US) shares are losing more than 3.5% after its Q3 results, falling to $286, diving below local lows caused by news of E.coli bacteria in burgers, in central US states. McDonald's shares have risen 10% in the past three months, and are more than 20% higher since the June minima. The company decided to raise its dividend by 6% to $1.77 per share.
- The company reported earnings per share of $3.23 against $3.2 forecasts. Revenue came in at $6.87 billion, slightly above expectations, as it was estimated at $6.82 billion (3% y/y growth and 2% in constant currency). Comparable sales fell in Q3 quarter-on-quarter more sharply than expected, by -1.5% versus -0.67% expectations. Operating profit fell 1% y/y.
- In the U.S., it rose slightly by 0.3%, versus 0.19% forecast. IDL sales fell -3.5%, -1.44% expected, with an equally weak IOM market, where the decline was -2.1%, -0.87% expected. Investors fear that quarterly declines will now be even greater, indirectly through greater customer caution in the US, where one E.coli has been recognized.
McDonald's shares (D1 interval)

Source: xStation5
Paramount Throws Down the Gauntlet to Netflix in the Battle for Warner Bros Discovery!
US Open: US100 loses 0.3% in pre-market ๐ฝNvidia gains amid Trump decision on AI chip export to China
DE40: Record German Defense Spending Boosts Markets๐
Oracle: Earnings Preview