McDonald's 1Q Profit Rises on Strong International Sales

CHICAGO - McDonald's Corp. says its first-quarter profit rose 24 percent as the fast food company benefited from the weak U.S. dollar and strong global sales.

For the January-March period, the suburban Chicago company earned $946.1 million, or 81 cents per share, it reported Tuesday.

That's up from $762.4 million, or 62 cents per share, a year earlier.

McDonald's revenue climbed six percent to $5.6 billion.

Tuesday's results handily beat Wall Street forecasts. Analysts surveyed by Thomson Financial expected a quarterly profit of 70 cents per share on revenue of $5.4 billion.

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