McDonald's tops 1Q net income expectations, misses revenue forecasts

MarketsAssociated Press

McDonald's Corp. (MCD) on Wednesday reported first-quarter earnings of $811.5 million.

The Oak Brook, Illinois-based company said it had profit of 84 cents per share. Earnings, adjusted for non-recurring costs, were $1.10 per share.

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The results beat Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The world's biggest hamburger chain posted revenue of $5.96 billion in the period, falling short of Street forecasts. Ten analysts surveyed by Zacks expected $6.02 billion.

McDonald's shares have increased 1 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 2 percent. The stock has decreased almost 5 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