McDonald's Corporation MCDreported first-quarter 2018 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Adjusted earnings per share of $1.79 outpaced the consensus mark of $1.67 by 7.2% and improved 22% from the year-ago quarter (16% in constant currencies). The upside reflects stronger operating performance.
Meanwhile, foreign currency translation had a positive impact of 8 cents per share on earnings in the quarter. Notably, adjusted earnings exclude the impact of a net tax cost associated with the Tax Cuts and Jobs Act of 2017.