McDonald’s Q4 Results Narrowly Beat Expectations

McDonald’s shares were slightly higher pre-market Monday after the company reported Q4 earnings and revenues that narrowly beat consensus forecasts compiled by Capital IQ.

Q4 EPS was $1.44 per share, up from $1.31 per share a year earlier and higher than GAAP expectations for $1.42 per share. Excluding a negative impact of $0.03 per share, earnings were $1.47 per share, also above the consensus for an adjusted profit of $1.41 per share.

Revenues fell to $6.03 billion from $6.34 billion a year earlier but just beat the $6.00 billion average estimate. Global comparable sales were up 2.7% year-over-year, with positive comparable sales seen in the international lead, high growth and foundational segments.