(McDonald's article updated with stock price and additional financial data.)
OAK BROOK, Ill. (
reported sales gains in every market, allowing it to beat fourth-quarter forecasts.
The news sent shares of McDonald's advancing 1.2% to $63.98 in afternoon trading, along with rival
, which is up 3.2% to $4.79 and
, which is growing 2.6% to $18.21.
During the quarter, the fast-food chain earned $1.22 billion, or $1.11 a share, compared with $985.3 million, or 87 cents, in the year-ago period.
Results included an 8-cent gain related to the resolution of issues in Latin America. Excluding this gain, McDonald's actually earned $1.03 a share, topping analysts' estimates by a penny.
Revenue jumped 7% to $5.97 billion from $5.57 billion, while global same-store sales rose 2.3%, with increases in all geographical regions. This is the company's sixth consecutive year of same-store sales gains.
In December, U.S. same-store sales inched up 1%, their first rise in two months.
McDonald's results comes on the heels of other positive news out of the dining sector.
upped its fourth-quarter outlook on Thursday, while
reported better-than-expected first-quarter earnings and also raised its outlook.
Burger King is set to report its quarterly results on Feb. 4.
-- Reported by Jeanine Poggi in New York.
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