McDonald's Logging Strong Growth

It topped expectations for both profit and revenue.

Mc Ds

CHICAGO (AP) — McDonald's is reporting strong global growth in sales at established locations, and it's topped expectations for both profit and revenue. 

The world's biggest hamburger chain on Wednesday reported fourth-quarter earnings of $1.42 billion, or $1.82 per share.

Adjustments for one-time gains and costs came to $1.97 per share, which is seven cents better than industry analysts had expected, according to a poll by Zacks Investment Research.

Revenue was $5.16 billion, matching forecasts. McDonald's Corp. recorded global same-store sales growth of 4.4 percent.

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