McDonald's 4Q EPS $1.06 Vs EPS $1.00
DOW JONES NEWSWIRES
McDonald's Corp., (MCD) the Oak Brook, Ill., fast-food restaurant giant, reported fourth-quarter net income rose 2.6% on a 5.7% increase in sales and 6.7% boost in comparable sales.
Earnings rose to $1.27 billion, or $1.06 a share, from $1.24 billion, or $1.00 a share, in the year-earlier period. Results for the latest period included a tax benefit of 33 cents a share. Currency fluctuations added an additional 4 cents a share.
Earnings from continuing operations were $1.06 a share compared with 61 cents a year ago.
A survey of analysts by Thomson Financial produced a consensus earnings estimate of 71 cents for the latest quarter.
The company reported fatter profit margins for the eight consecutive quarter.
The stock is down 3.30 to $50.80 in premarket trading.
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