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McDonald’s reported net income of $2 billion for its fourth quarter, up 7% from the same period a year earlier

McDonald’s said Monday that global same-store sales, or sales from stores in operation at least 13 months, grew 3.4% in the three months ended Dec. 31, compared with the 4.7% gain expected by analysts polled by FactSet. The Chicago-based company reported net income of $2 billion for its fourth quarter, up 7% from the same period a year earlier. Earnings per share were $2.95 when adjusting for charges related to layoffs conducted by McDonald’s last year and other one-time items.

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