McDonald's beats 4Q earnings expectations, misses revenue forecasts

MarketsAssociated Press

McDonald's Corp. (MCD) on Friday reported fourth-quarter net income of $1.1 billion.

The Oak Brook, Illinois-based company said it had profit of $1.13 per share. Earnings, adjusted for non-recurring costs, were $1.22 per share.

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The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.

The world's biggest hamburger chain posted revenue of $6.57 billion in the period, missing Street forecasts. Analysts expected $6.73 billion, according to Zacks.

McDonald's shares have declined 3 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has dropped 4 percent in the last 12 months.

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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 http://www.zacks.com/ap/MCD

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Keywords: McDonald's, Earnings Report, Priority Earnings