Why McDonald's Stock Is Trading Higher

McDonald's Corp MCD shares are trading higher Tuesday after the company reported better-than-expected earnings results. 

McDonald's reported second-quarter revenue of $5.72 billion, which missed the estimate of $5.82 billion, according to data from Benzinga Pro. The company reported quarterly earnings of $2.55 per share, which beat the estimate of $2.47 per share.

McDonald's said global comparable sales increased 9.7%, while U.S. comparable sales jumped 3.7%. 

"The operating environment across the competitive landscape remains challenging. While we are planning for a wide range of scenarios, I am confident that our plans and people position McDonald's to weather this environment better than others," said Chris Kempczinski, president and CEO of McDonald's.

See Also: Vistagen Therapeutics Shares Are Falling Sharply: Here's Why

MCD Price Action: McDonald's has a 52-week high of $271.15 and a 52-week low of $217.67.

The stock was up 1.70% at $254.64 at time of publication.

Photo: andreas160578 from Pixabay.