Friday, McDonald's Corp. (MCD: News ) reported fourth-quarter net income of $1.22 billion or $1.11 per share, compared to net income of $0.99 billion or $0.87 per share in the same quarter last year.
Quarterly results included a positive impact of $0.07 per share due to the effect of foreign currency translation.
On average, 20 analysts polled by Thomson Reuters expected the company to earn $1.02 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter increased 7% to $6.0 billion from $5.57 billion in the comparable quarter last year. Analysts expected the company to report revenue of $5.94 billion for the quarter.
The company declared a quarterly cash dividend of $0.55 per share of common stock, payable on March 15, 2010 to shareholders of record at the close of business on March 1, 2010.
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