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Company reports Q1 earnings of $1.01 per share versus $1.06 consensus. Revenues fell 11.1% year/year to $5.96 bln versus $5.97 bln consensus.
Company reported about developing a turnaround plan to improve performance and deliver enduring profitable growth. Initial details of this plan will be published on May 4.
MCD rose to $97.00 (+2.25%) on the premarket.
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