5 Stocks That Beat Profit Expectations

In this article, we discuss the 5 stocks that beat profit expectations. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks That Beat Profit Expectations.

5. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 66

Shares of McDonald’s Corporation (NYSE:MCD) rose nearly three percent on Wednesday, 27 October 2021, after announcing better-than-expected results for the third quarter. The results were helped by higher menu prices that balanced the negative impact of rising costs.

The fast-food giant reported adjusted earnings of $2.76 per share, easily beating expectations of $2.46 per share. Revenue came in at $6.2 billion, ahead of the consensus forecast of $6.05 billion. McDonald’s Corporation (NYSE:MCD) had posted adjusted earnings of $2.22 per share on revenue of $5.4 billion for the comparable period of 2020.

Speaking on the results, CEO Chris Kempczinski said:

“Our third quarter results are a testament to our unparalleled scale and agility. Our global comparable sales increased 10% over 2019, which was delivered across an omnichannel experience that is focused on meeting the needs of our customers. We continue to execute our strategic growth plan and run great restaurants so that we can drive long-term, sustainable growth for all of our stakeholders.”