McDonald's up 2.85% After Q1 Earnings Announcement

McDonald's Corporation MCD is trading higher on the session following its Q1 earnings announcement. The company reported an EPS of $1.23 vs $1.23 estimates and revenues $6.55B vs $6.54B estimates. McDonald's Chief Executive Officer Jim Skinner said: "McDonald's continued momentum in first quarter drove market share gains and profitability across all geographic segments. The ongoing strength of McDonald's results, amidst persistent economic headwinds, is a testament to our customer-focused plans and our proven business model. We remain committed to the global priorities that are most impactful to our customers – evolving our menu, modernizing the customer experience and broadening accessibility to our Brand. As we enter the second quarter, global comparable sales growth for April is expected to be about 4%." The shares of McDonald's are currently trading at $97.49, a a gain of $2.21 or 2.32%. The stock is down 2.85% year-to-date.