McDonald’s Matches Estimates In 1Q
McDonald’s Corporation (NYSE:MCD) posted first quarter 2012 earnings of $1.23 per share, in line with the Zacks Consensus Estimate. Reported earnings were 7% higher than the year-ago level of $1.15 per share. However, excluding the unfavorable currency impact of one cent in the reported quarter, earnings grew 8.0% year over year. The year-over-year earnings growth [...]
McDonald’s Corporation (NYSE:MCD) posted first quarter 2012 earnings of $1.23 per share, in line with the Zacks Consensus Estimate. Reported earnings were 7% higher than the year-ago level of $1.15 per share.
However, excluding the unfavorable currency impact of one cent in the reported quarter, earnings grew 8.0% year over year. The year-over-year earnings growth was driven by higher comparable store sales across all regions.
Quarter Highlights
The company reported a 7% rise in revenues to $6.5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards