BUZZ-McDonald's rises after Q1 revenue, profit beat
McDonald's Corporation
McDonald's Corporation MCD | 0.00 |
** Shares of McDonald's MCD.N up about 4% at $295.08 premarket
** Co reports quarterly revenue of $6.52 billion, beating estimates of $6.47 billion - LSEG data
** Posts adjusted EPS of $2.83 vs analysts' expectations of $2.74
** However, co misses sales estimates, hurt by weak traffic amid higher fuel and grocery costs
** Reports quarterly U.S. same-store sales growth of 3.9% vs expectations of a 4.2% rise
** As of last close, MCD down 7% YTD
