McDonald's Q2 Sales Growth Impresses Wall Street

It's the company's 16th consecutive quarterly sales increase.

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CHICAGO (AP) — McDonald's is reporting its 16th consecutive bump in comparable-store sales globally. The company on Friday posted earnings of $1.52 billion, or $1.97 per share. Earnings, adjusted for restructuring costs, came to $2.05 per share, which was a penny shy of expectations, according to Zacks Investment Research. 

Revenue was $5.34 billion, a bit better than expected. Shares of McDonald's Corp. rose more than two percent before the opening bell.