McDonald's Not Loving Q2 Numbers

By Published on .

Bad news for Ronald.

"McDonald's Corp. (MCD) said Tuesday that it posted its second-ever loss - its first in nearly five years - losing $711.7 million in the second quarter because of a hefty one-time charge.

For the quarter ending June 30, the world's largest restaurant chain said its net income swung to a loss of 60 cents per share. That's compared to a second-quarter profit of $834.1 million or 67 cents per share, a year earlier."
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