BUZZ-McDonald's rises after Q1 revenue, profit beat

McDonald's Corporation

McDonald's Corporation

MCD

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** 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