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"Earnings per share for the second quarter 2002 increased 15percent to $.39, the high end of our previous guidance, compared with $.34 reported for the same period last year," Jack M. Greenberg, McDonald's chairman and chief executive officer said."
The quarter's earnings matched the high end of June's company forecast of $.38 to $.39. Wall Street predicted $.38.
Greenberg also noted that despite " weak economic conditions and in Japan, by consumer concerns about food safety," the company's Asia/Pacific/Middle East/Africa (APMEA) segment, Australia delivered what he termed "strong results". (Sales in that segment declined 6 percent for the quarter and 4 percent year-to-date.)