McDonalds shares fall 3.3% after missing analyst estimates

Fast food chain McDonald's suffered a 3.3% dip in their shares in pre-market trading on Tuesday after missing estimates for revenue and same-store sales for the second quarter.

It reported net income of $1.09 billion, or $1.25 per share, down from $1.2bn, or $1.26 per share, for the same period last year.

McDonald's results reported that same-store sales in its largest market, the United States, rose 1.8% from the prior year, badly missing Wall Street forecasts for a 3.2% increase.

The company promised it will add additional items to its all-day breakfast menu and enhance its core items this fall in a bid to jump-start sales.

It did post several promising results however, with earnings, adjusted for one-time items, came in at $1.45 a share, handily beating Wall Street estimates for $1.39 a share.