McDonald's Posts 2Q Loss

But the world's biggest fast food restaurant chain says its business is growing because of momentum from its popular breakfast menu.

Oak Brook-based McDonald's says it expects to report a net loss of 60 cents per share when it releases second-quarter earnings July 24th.

But excluding a $1.31 per-share charge for the sale in Latin America, McDonald's said it likely would surpass Wall Street forecasts. Without that, the company says it would earn 71 cents per share from continuing operations for the quarter ending June 30th.

That's a 27 percent increase from the 56-cents-per-share profit it posted in 2006.

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