UPDATE: McDonald's Posts Upbeat Q4 Earnings

McDonald's

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.