McDonald's Corp. (MCD) Profit Surges
McDonald's Corp. said Friday its first-quarter earnings climbed 22 percent, boosted by surging sales in Europe and strong demand for its new U.S. menu items. Its stock touched an all-time high.
Profit for the first three months of the year was $762 million, or 62 cents per share, matching its April 13 estimate. That was up from $625 million, or 49 cents per share, in the same period a year ago.
The earnings were in keeping with a preliminary announcement by the company last week.
The Oak Brook-based company said revenue rose 11 percent to $5.46 billion from $4.91 billion. The consensus estimate of analysts surveyed by Thomson Financial was for revenue of $5.42 billion.
Labels: MCD, McDonald's Corp.
posted by Stock Administrator @ 11:13 AM
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