Top- and bottom-line results beat Wall Street estimates. Analysts had expected McDonald's to earn $1.34 billion, or $1.28 a share, on revenue of $6.65 billion.
McDonald's also returned $1.4 billion to shareholders in the quarter through repurchases and dividend payments. Shares of McDonald's jumped 2.8% in premarket trading Friday after closing 0.3% higher at $86.54 in Thursday's session. Yum! Brands (YUM - Get Report), the operator of KFC, Taco Bell and Pizza Hut, beat Wall Street expectations for its second-quarter results last week on strong sales growth in China.
-- Written by Miriam Marcus Reimer in New York. >To contact the writer of this article, click here: Miriam Reimer. >To follow the writer on Twitter, go to http://twitter.com/miriamsmarket. >To submit a news tip, send an email to: email@example.com.
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