McDonald's, the world's largest restaurant company, posted a $1.19 billion profit in the second quarter, spurred by European sales of hamburgers and chicken sandwiches. Net income of $1.04 a share compared with a loss of $711.7 million, or 60 cents, a year earlier on costs to sell McDonald's Latin American restaurants. The earnings beat the average estimate of analysts. Revenue rose to $6.08 billion from $5.84 billion, the Oak Brook, Illinois-based maker of Big Mac hamburgers said today in a PR Newswire statement. Sales at European outlets open at least a year advanced as the company sold higher-priced hamburgers in the Britain and snack-sized chicken sandwiches in France. McDonald's sales overseas were helped by the U.S. dollar's decline against foreign currencies, which increased the value of revenue and profit in dollar...
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