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Summary Box: McDonald's sales miss expectations

The Associated Press

THE HEADLINE: McDonald's Corp. reported a key revenue figure that fell short of Wall Street expectations for February.

THE UPSIDE: The world's biggest hamburger chain said revenue at restaurants open at least 13 months rose 7.5 percent, largely as a result of strong sales in the United States and an extra day in Leap Year.

THE DOWNSIDE: But the figure rose just 4 percent in Europe, which is the company's biggest market and represents 40 percent of its revenue. Analysts on average had forecast the overall revenue figure would jump by 7.7 percent.