Mad Cow hurts McDonald's
Fast-food chain warns about profits as it struggles with cattle disease
March 14, 2001: 8:43 a.m. ET
NEW YORK (CNNfn) - <font color="#FF0000">McDonald's Corp. warned Wednesday that earnings for the first quarter and year would miss Wall Street forecasts due to sluggish sales, hurt by consumer concerns about beef supplies in Europe.</font>
The world's largest restaurant chain said its annual earnings <font color="#FF0000">could be four to five cents a share below current forecasts and that it expects earnings per share of about 30 cents in the first quarter. </font>Wall Street forecasts are for 32 cents a share for the first quarter and $1.46 a share for the year.
<font color="#FF0000">McDonald's sales in Europe have eroded since late last year</font>, resulting in an uncharacteristic fourth-quarter profit decline of 7 percent. Industry analysts have been expecting a warning from the Oak Brook, Ill.-based company.
<font color="#FF0000">McDonald's stock fell 26 cents to $27.80 Tuesday, near the low side of its 52-week trading range. </font>The stock is one of 30 in the Dow Jones industrial average
Da hält sich die Aktie aber noch sehr gut bei dem heutigen Umfeld!
Quelle: http://www.cnnfn.com
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