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McDonald’s Comparable Sales Jump

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McDonald’s (MCD) on Tuesday reported flat first-quarter earning as comparable sales jumped, fueled by promotions. The Chicago-based fast-food giant said global comparable sales rose 5.4%, better than Capital IQ’s view for a 3.3% gain.

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First-quarter diluted per-share earnings were $1.72, flat from last year and four cents below Capital IQ’s consensus of $1.76. Revenue slipped to $4.96 billion from $5.14 billion in the prior-year period and slightly better than the $4.94 billion expected by Capital IQ.

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