McDonald's profit up in Europe, US sales

22 Jul, 2011

For the second quarter, sales at established restaurants were up 4.5 percent in the United States, up 5.9 percent in Europe and up 5.2 percent in its Asia-Pacific, Middle East and Africa unit.

The world's biggest hamburger chain on Friday said net income rose to $1.41 billion, or $1.35 per share, compared with $1.23 billion, or $1.13 a share, a year earlier.

Results from the latest quarter exceeded analysts' average profit view of $1.28 per share, according to Thomson Reuters I/B/E/S.

Revenue rose to $6.91 billion from $5.95 billion a year earlier.

McDonald's shares closed at $86.54 on the New York Stock Exchange and jumped to $88.50 in pre-market trading.

Copyright Reuters, 2011

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