McDonald`s Corp. Q4 Profit Increases, but misses estimates

McDonald`s Corp. (MCD) released a profit for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company's earnings came in at $1.64 billion, or $2.18 per share. This compares with $1.38 billion, or $1.84 per share, in last year's fourth quarter.

Excluding items, McDonald`s Corp. reported adjusted earnings of $2.23 per share for the period.

Analysts on average had expected the company to earn $2.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.2% to $6.01 billion from $5.31 billion last year.

McDonald`s Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $1.64 Bln. vs. $1.38 Bln. last year.
-EPS (Q4): $2.18 vs. $1.84 last year.
-Analyst Estimate: $2.34
-Revenue (Q4): $6.01 Bln vs. $5.31 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT