CHICAGO (AP) — CHICAGO (AP) — McDonald's Corp. (MCD) on Thursday reported first-quarter net income of $1.98 billion.
On a per-share basis, the Chicago-based company said it had net income of $2.78. Earnings, adjusted for non-recurring costs, were $2.83 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.74 per share.
The world's biggest hamburger chain posted revenue of $6.52 billion in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $6.49 billion.
_____
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
/Robinhood%20app%20on%20phone%20by%20Andrew%20Neel%20via%20Unsplash.jpg)
/The%20Shopify%20logo%20on%20a%20smartphone%20screen%20by%20IB%20Photography%20%20via%20Shutterstock.jpg)
/Apple%20logo%20-%20by%20Pexels%20via%20Pixabay.jpg)