UPDATE: McDonald's Posts Drop In Q1 Profit
McDonald's (NYSE: MCD) reported a drop in its first-quarter profit.
McDonald's posted its quarterly profit of $1.20 billion, or $1.21 per share, down from $1.27 billion, or $1.26 per share, in the year-ago period.
Its total revenue rose to $6.70 billion versus $6.61 billion, while operating income slipped to $1.94 billion versus $1.95 billion. However, analysts were estimating earnings of $1.24 per share on revenue of $6.71 billion.
McDonald's global same-store sales climbed 0.5%, while US same-store sales declined 1.7%.
McDonald's shares gained 0.93% to $100.60 in pre-market trading.
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