Chicago, IL (AP) – McDonald’s Corp. (MCD) on Wednesday reported fourth-quarter profit of $2.16 billion.
The Chicago-based company said it had net income of $3.03 per share. Earnings, adjusted for non-recurring costs, were $3.12 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $3.05 per share.
The world’s biggest hamburger chain posted revenue of $7.01 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $6.85 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCD at https://www.zacks.com/ap/MCD
