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McDonald`s Corp. Q1 Profit Decreases, but beats estimates

McDonald`s Corp. (MCD) released a profit for first quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $1.10 billion, or $1.48 per share. This compares with $1.54 billion, or $2.05 per share, in last year's first quarter.

Excluding items, McDonald`s Corp. reported adjusted earnings of $1.71 billion or $2.28 per share for the period.

Analysts on average had expected the company to earn $2.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.7% to $5.67 billion from $5.12 billion last year.

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

-Earnings (Q1): $1.10 Bln. vs. $1.54 Bln. last year.
-EPS (Q1): $1.48 vs. $2.05 last year.
-Analyst Estimates: $2.17
-Revenue (Q1): $5.67 Bln vs. $5.12 Bln last year.

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