by John Carney
Breitbart.com
Inflation and war in the Middle East took some of the shine off the Golden Arches in the first quarter of the year.
On Tuesday, McDonald’s said first-quarter adjusted earnings came in at $2.70 per share for the first three months of the year, missing the consensus forecast of $2.72.
McDonald’s rarely misses earnings forecast. Shares of the fast-food company slid in early morning trading following the results but were nearly flat by midday even while the broader market slumped.
The company raised prices by 10 percent last year. Over the past decade, prices have nearly doubled, according to some analysts.