LOS ANGELES: McDonald's Corp reported quarterly profit that topped analysts' expectations on strength in the Europe and the United States, and shares rose more than 2 percent.
For the second quarter, sales at established restaurants were up 4.5 percent in the United States, up 5.9 percent in Europe and up 5.2 percent in its Asia-Pacific, Middle East and Africa unit.
The world's biggest hamburger chain on Friday said net income rose to $1.41 billion, or $1.35 per share, compared with $1.23 billion, or $1.13 a share, a year earlier.
Results from the latest quarter exceeded analysts' average profit view of $1.28 per share, according to Thomson Reuters I/B/E/S.
Revenue rose to $6.91 billion from $5.95 billion a year earlier.
McDonald's shares closed at $86.54 on the New York Stock Exchange and jumped to $88.50 in pre-market trading.
Copyright Reuters, 2011
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