McDonald's Corp., the world's largest restaurant company, may report a second-quarter profit after European sales rose twice as fast as in the U.S.
McDonald's probably earned $1.1 billion, or 95 cents a share, according to John Glass, a Morgan Stanley analyst. A year earlier, the Oak Brook, Illinois-based maker of Big Mac hamburgers lost $711.7 million, or 60 cents, because of costs to sell its Latin American restaurants.
McDonalds will release second quarter results tomorrow.
