UPDATE: McDonald's Posts Upbeat Q4 Earnings
McDonald's (NYSE: MCD) reported better-than-expected fourth-quarter earnings.
McDonald's quarterly earnings rose to $1.397 billion, or $1.40 per share, versus a year-ago profit of $1.396 billion, or $1.38 per share.
Its revenue gained 2% to $7.09 billion. However, analysts were expecting a profit of $1.39 per share on revenue of $7.1 billion.
McDonald's global sales fell 0.1% at established locations.
McDonald's shares declined 0.66% to $94.25 in pre-market trading.
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