McDonald’s stock rises on higher Q4 profit

McDonald’s Corp.’s stock
MCD,
-0.35%
was up by 0.8% in premarket trading Monday after the fast-food giant reported a fatter profit for the three months ended Dec. 31. McDonald’s said its fourth-quarter net income rose by 7% to $2.04 billion, or $2.80 a share, from $1.9 billion, or $2.59 a share, in the year-ago quarter. McDonald’s said the latest quarter’s results included 15 cents a share in one-time charges. Breaking those charges out, McDonald’s would have earned $1.95 a share. Analysts expected McDonalds to earn $1.83 a share, according to FactSet data. Revenue rose 8% to $6.41 billion, short of the FactSet consensus estimate of $6.45 billion.