McDonald’s tops profit forecasts

McDonald’s has reported fourth quarter net income of $US1.1 billion ($A1.37 billion). The Oak Brook, Illinois-based company said it had profit of $US1.13 per share. Earnings, adjusted for non-recurring costs, were $US1.22 per share. The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $US1.20 per share. The world’s biggest hamburger chain posted revenue of $US6.57 billion in the period, missing Street fo

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