McDonald's Posts In-Line Earnings; Shares Rise

NEW YORK ( TheStreet) -- Shares of McDonald's ( MCD) were rising in premarket trading Friday after the fast food chain reported in-line first-quarter earnings.

McDonald's posted earnings of $1.27 billion, or $1.23 a share, on revenue of $6.55 billion. Earnings a year earlier were $1.2 billion, or $1.15 a share, on revenue of $6.11 billion.

Analysts, on average, were expecting profit of $1.23 a share on revenue of $6.54 billion.

Global comparable sales rose 7.3% in the quarter; U.S. same-store sales jumped 8.9%. Comparable sales in Europe gained 5% and sales in the Middle East, Asia and Africa rose 5.5%.

Shares of McDonald's rose 1.78% in premarket trading Friday to $96.98.

-- Written by Alexandra Zendrian

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