McDonald's Corp. (MCD) reported second quarter net income of $1.32 per share Monday morning, down from $1.35 per share in the prior year period. The consensus estimate was for EPS of $1.38.
McDonald's gapped open lower Monday, but was range-bound throughout the session. The stock closed down by 2.64 at $88.94 on above average volume. McDonald's fell to a 2 1/2 week low and dropped below its 50-day moving average.
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