Tencent Securities News According to a report on the US financial website MarketWatch, the stock price of McDonald's (stock code: MCD) surged more than 4% before the Monday market, after the fast food giant announced its first-quarter earnings report. Financial reports show that McDonald's first-quarter profits and sales both surpassed Wall Street analysts' expectations.

McDonald's net profit for the first quarter reached 1.38 billion US dollars, with earnings per share of 1.72 US dollars. Compared with net profit and earnings per share for the same period last year were 1.21 billion US dollars and 1.47 US dollars, respectively.

After adjustments, McDonald's earnings per share for the first quarter reached $1.79.

McDonald's total revenue for the first quarter was US$5.14 billion, compared to US$5.68 billion for the same period last year. In contrast, analysts surveyed by financial information provider FactSet expected McDonald's earnings and revenue per share for the first quarter to be $1.67 and $4.97 billion, respectively.

McDonald's same-store sales increased 5.5% year over year in the first quarter, exceeding the 3.6% year-on-year increase expected by analysts surveyed by financial information provider FactSet.

McDonald's same-store sales in the US increased 2.9% year-on-year in the first quarter, in line with analysts' expectations. The main driving force behind this was the rise in menu prices, which led to an increase in average costs.

So far this year, McDonald's stock price has fallen 8%, but the stock price rose 13.1% last year. Over the past 12 months, the Dow Jones Industrial Average has risen 16.1%.