McDonald's on Friday reported July sales results that were much worse than analysts had expected.
Following the report, the company's shares traded lower. (Click here for the latest quote.)
The fast-food giant reported global same-store sales fell 2.5 percent, compared with the 1.1 percent drop forecast by Consensus Metrix.
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The dismal results prompted Janney Capital Markets to lower its estimates for the fast-food giant. Its analysts said the results "were the worst worldwide month in the last 10 years, once trading-day adjustments are taken into account."