NEW YORK (Reuters) - McDonald's Corp reported lower quarterly profit that topped Wall Street estimates and said it planned to open 1,000 restaurants this year.
The world's largest hamburger chain said on Monday that fourth-quarter net income fell to $985.3 million, or 87 cents per share, from $1.27 billion, or $1.06 per share, a year earlier, when results included a large tax-related benefit.
Analysts on average were expecting earnings of 83 cents per share, according to Reuters Estimates.
Revenue fell to $5.57 billion from $5.75 billion, as global same-store sales rose 7.2 percent.
McDonald's shares fell 72 cents, or 1.2 percent, to $57.30 in premarket trade from their close at $58.02 on Friday on the New York Stock Exchange.
(Reporting by Martinne Geller; Editing by Lisa Von Ahn)
