The Latest “Buzz on the Street” Video Recap: Featuring (NYSE: MCD) & (NYSE: CAT) 2018 Q3 Earning

Published on: 23 Oct, 2018

McDonald’s is the world’s leading global foodservice retailer with over 37,000  locations in over 100 countries. Over 90% of McDonald’s restaurants  worldwide are owned and operated by independent local business men and  women.

On October 23rd, 2018, McDonald’s (NYSE: MCD) reported its third quarter financial results.  The fast food retailer  reported 13 consecutive quarters of positive global comparable sales.   For the quarter, McDonald’s reported diluted earnings per share of  $2.10, a decrease of 9% compared to the same period last year. “In  addition to achieving 13 consecutive quarters of positive global  comparable sales, we have made substantial progress modernising  restaurants around the world, enhancing hospitality and elevating the  experience for the millions of customers we serve every day. We remain  confident that our strategy will drive long-term, profitable growth,”  said McDonald’s President and Chief Executive Officer Steve Easterbrook.  

For more than 90 years, Caterpillar Inc. has been making sustainable  progress possible and driving positive change on every continent.  Customers turn to Caterpillar to help them develop infrastructure,  energy and natural resource assets. Caterpillar is the world’s leading  manufacturer of construction and mining equipment, diesel and natural  gas engines, industrial gas turbines and diesel-electric locomotives.  The company principally operates through its three primary segments –  Construction Industries, Resource Industries and Energy &  Transportation

On October 23rd, 2018, Caterpillar (NYSE: CAT) reported its third quarter financial results.  Caterpillar said sales  and revenue rose 18% to USD 13.5 Billion in the third quarter. Earnings  per share was $2.88 per share in the quarter ended September 30,  compared to $1.77 per share a year earlier. “This was the best  third-quarter profit per share in our company’s history,” said  Caterpillar CEO Jim Umpleby. “Our global team continues to do excellent  work focusing on our customers’ success and executing our strategy for  profitable growth.”

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Marco Zhou

Email: Marco@financialinsiders.com

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