McDonald’s is making its latest quarterly earnings, and the results aren’t good.
McDonald’s reported a $5.2 billion loss, but analysts are expecting the company to miss Wall Street’s consensus estimate of $5 billion to $5 per share.
McDonalds shares have fallen more than 70% since the start of the year.
It’s also unclear if the company will add more jobs in the months ahead.
The company’s stock is up more than 80% since its October 30 close, and it’s been up nearly 200% this year.
Analysts are also expecting a strong second quarter, with a range of $8.80 to $9.00 per share, and that the company could hit $10.50 to $11.00.
That’s higher than the consensus estimate, but still lower than the company’s goal of $16 per share in the first quarter.
McDonald has been losing money for a long time.
It reported a loss of $1.8 billion for the second quarter.
This is partly due to a drop in sales.
In 2016, McDonald’s said it was losing $4 billion on revenue of $2.8 trillion.
But in 2017, it reported a revenue of just $2 billion, and a loss on sales of $3.4 billion.
McDonald is hoping for a better second quarter than the first.
Its stock has rallied almost 10% this week.
Analyrs are also looking forward to the company taking more action to help it get back on its feet.
The CEO has said he is “optimistic” that his company will be able to get back to profitability, but that it will take some time.
He has also said he will be more aggressive in making changes to the business, including adding to its workforce and investing more in new restaurants.
McDonald shares have surged more than 500% over the past year.
McDonald will have to wait for more news from the company before it can know how big its first-quarter loss will be.
McDonald plans to hold its earnings call on Friday.
The McDonald’s earnings release was the company first since it announced the first-half earnings of its first year of full-year earnings.
McDonald shareholders will be given a new vote on the company after the meeting, and will then be able decide whether to approve or reject the proposal.
Investors are looking for more good news from McDonald’s, and investors have been buying McDonald’s shares as part of a rally in the stock.
McDonald had hoped that investors would see a positive impact on the restaurant chain, but the company had struggled to maintain a profit margin of more than 8%.
McDonald is also facing competition from other fast-casual chains.
McDonald opened the first McDonald’s in Chicago in 1976.
Today, McDonalds serves more than 6,000 restaurants in more than 170 countries.