FinancialBuzz.com’s latest Buzz on the Street: McDonald’s (NYSE: MCD) and Caterpillar (NYSE: CAT) Earnings
McDonald’s is the world’s leading global foodservice retailer with over 37,000 locations in over 100 countries. Over 90% of McDonald’s restaurants worldwide are owned and operated by independent local business men and women.
On October 23rd, 2018, McDonald’s (NYSE: MCD) reported its third quarter financial results. The fast food retailer reported 13 consecutive quarters of positive global comparable sales. For the quarter, McDonald’s reported diluted earnings per share of $2.10, a decrease of 9% compared to the same period last year. “In addition to achieving 13 consecutive quarters of positive global comparable sales, we have made substantial progress modernising restaurants around the world, enhancing hospitality and elevating the experience for the millions of customers we serve every day. We remain confident that our strategy will drive long-term, profitable growth,” said McDonald’s President and Chief Executive Officer Steve Easterbrook.
For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three primary segments – Construction Industries, Resource Industries and Energy & Transportation
On October 23rd, 2018, Caterpillar (NYSE: CAT) reported its third quarter financial results. Caterpillar said sales and revenue rose 18% to USD 13.5 Billion in the third quarter. Earnings per share was $2.88 per share in the quarter ended September 30, compared to $1.77 per share a year earlier. “This was the best third-quarter profit per share in our company’s history,” said Caterpillar CEO Jim Umpleby. “Our global team continues to do excellent work focusing on our customers’ success and executing our strategy for profitable growth.”
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