Restaurant chain McDonald’s Corp. said last Friday that its second-quarter earnings rose 12 percent from the same quarter last year, boosted by brisk cold-beverage sales and sales of its new frozen treats. Net income was $1.23 billion, or $1.13 per share, exceeding Wall Street analyst expectations by a penny.
The company has experienced higher sales due to its espresso and coffee-based cold beverages, as well as its recently introduced frozen shakes. Shares were off 2 percent, down $1.50 to $69.90 on Friday trading.
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