Fast-food chain warns about profits as it struggles with cattle disease
March 14, 2001: 8:43 a.m. ET
NEW YORK (CNNfn) - McDonald's Corp. warned Wednesday that earnings for the first quarter and year would miss Wall Street forecasts due to sluggish sales, hurt by consumer concerns about beef supplies in Europe.
The world's largest restaurant chain said its annual earnings could be four to five cents a share below current forecasts and that it expects earnings per share of about 30 cents in the first quarter. Wall Street forecasts are for 32 cents a share for the first quarter and $1.46 a share for the year.
McDonald's sales in Europe have eroded since late last year, resulting in an uncharacteristic fourth-quarter profit decline of 7 percent. Industry analysts have been expecting a warning from the Oak Brook, Ill.-based company.
McDonald's stock fell 26 cents to $27.80 Tuesday, near the low side of its 52-week trading range. The stock is one of 30 in the Dow Jones industrial average
Futures (ziehen im Moment noch an):
<img src="http://buerger.metropolis.de/saschajako ... 14dax1.gif" align=middle> <img src="http://buerger.metropolis.de/saschajako ... nemax1.gif" align=middle> <img src="http://buerger.metropolis.de/saschajako ... 4es501.gif" align=middle> <img src="http://buerger.metropolis.de/saschajako ... cac401.gif" align=middle> <img src="http://buerger.metropolis.de/saschajako ... se1001.gif" align=middle>
Dow Jones Future (CBOT-Eurex) März 2001: -281,00 / 10008,00 / 14:20 Uhr
Nasdaq 100 (globex) Juni 2001: -65,00 / 1741,50 / 14:20 Uhr - limit down!
S&P Future (globex) Juni 2001: -32,00 / 1177,50 / 14:46 Uhr - limit down!
Japan : Konkurs Daiwa
Na ja der Crash muß ja noch nicht heute sein, morgen geht es auch noch.
