McDonald's Rises, Snap Falls, Lucid Drops on Production Outlook
On this episode of Stock Movers: - McDonald's (MCD) shares rise after sales picked up in the latest quarter, suggesting that pop culture-focused collaborations and budget meals are helping to offset diners’ economic anxiety. Global sales at restaurants open at least 13 months rose 3.8% in the second quarter, the company said Wednesday. - Snap (SNAP) shares fall. The company's ad revenue growth rate slowed to 3% to 4% from 9% in the first quarter, and revenue in the June quarter was affected by an update that allowed marketers to buy ads at reduced prices. - Lucid (LCID) shares drop…
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