McDonald’s sales growth in the second quarter impresses investors

In this June 25, 2019 photo a sign is displayed outside a McDonald's restaurant in Pittsburgh. McDonald's Corp. reports financial earnings on Friday, July 26. (AP Photo/Gene J. Puskar)

CHICAGO — McDonald’s reported its 16th consecutive bump in comparable-store sales globally.

The company on Friday posted earnings of $1.52 billion, or $1.97 per share. Earnings, adjusted for restructuring costs, came to $2.05 per share, which was a penny shy of expectations, according to Zacks Investment Research.

Revenue was $5.34 billion, a bit better than expected. Shares of McDonald’s Corp. rose more than 2 percent before the opening bell.

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