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McDonald's profit falls on weak US, European sales

Reuters
Quarterly profit at McDonald's Corp fell more than expected after established restaurants in its struggling US division turned in a third straight quarterly sales decline and results from Europe also logged a surprise drop.

Second quarter net income fell almost 1 per cent to $1.39 billion, or $1.40 per share, missing analysts' average profit estimate by 4 cents per share, according to Thomson Reuters I/B/E/S.

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First Published: Jul 23 2014 | 12:16 AM IST

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