CHICAGO (AP) — CHICAGO (AP) — McDonald's Corp. (MCD) on Monday reported fourth-quarter net income of $2.04 billion.

On a per-share basis, the Chicago-based company said it had net income of $2.80. Earnings, adjusted for non-recurring costs, came to $2.95 per share.

The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.81 per share.

The world's biggest hamburger chain posted revenue of $6.41 billion in the period, falling short of Street forecasts. Twelve analysts surveyed by Zacks expected $6.47 billion.

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