McDonald's profit, sales miss estimates

http://www.marketwatch.com/story/mcdonalds-profit-sales-miss-estimates-2014-07-22?link=MW_home_latest_news

Corp. MCD -2.28% said Tuesday its second-quarter profit fell to $1.39 billion, or $1.40 a share, from $1.40 billion, or $1.38 a share, a year earlier. Total revenue rose to $7.18 billion from $7.08 billion. Analysts surveyed by FactSet were looking for profit of $1.44 a share on sales of $7.29 billion. On a comparable sales basis, McDonald's reported flat sales, also missing estimates. In the U.S. sales fell 1.5%. In Europe, they declined 1%. In the business comprising Asia, Middle East and Africa, sales rose 1.1%. Analysts surveyed by Thomson Reuters estimated total same-store sales to rise 0.8%, including a 0.6% gain in Europe and a 1.6% increase in Asia, the Middle East and Africa. Analysts were looking for a 0.3% drop in the U.S. Dow component McDonald's shares fell 2.3% in premarket trading.