Fin24

McDonald’s Q4 profit beats estimates

2012-01-24 15:43

MCDONALD'S reported quarterly profit that beat analysts’ estimates as sales at established restaurants rose more than 7% in the United States and Europe.

The world’s biggest hamburger chain reported fourth-quarter profit of $1.38bn, or $1.33 per share, up from $1.24bn, or $1.16/share, a year earlier and beating the average analyst estimate of $1.30/share, according to Thomson Reuters I/B/E/S.

Revenue rose 10% to $6.82bn, edging above the average analyst estimate of $6.81bn.