McDonald’s tops Street 2Q forecasts

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In this July 7, 2015, photo, images of Minions adorn a McDonald’s restaurant, in Chicago. | Getty Images file

OAK BROOK — McDonald’s Corp. (MCD) on Thursday reported second-quarter profit of $1.2 billion.

On a per-share basis, the Oak Brook, Illinois-based company said it had net income of $1.26.

The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.

The world’s biggest hamburger chain posted revenue of $6.5 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $6.45 billion.

McDonald’s shares have risen 4 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen almost 3 percent. The stock has dropped almost 4 percent in the last 12 months.

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