CHICAGO (AP) — CHICAGO (AP) — McDonald’s Corp. (MCD) on Thursday reported first-quarter net income of $1.87 billion.
On a per-share basis, the Chicago-based company said it had profit of $2.60. Earnings, adjusted for non-recurring costs, came to $2.67 per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.64 per share.
The world’s biggest hamburger chain posted revenue of $5.96 billion in the period, falling short of Street forecasts. Eleven analysts surveyed by Zacks expected $6.08 billion.
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