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McDonald's (MCD), the iconic hamburger chain, has reported strong first-quarter results. Revenues increased 10% year over year, and comparable-store sales were up 4.2% (1.5% in the United States), as the company's value and convenience continued to resonate with diners. Earnings came in at $1.00 a share (though this included a charge of $0.03 related to restaurant closings in Japan), beating our $0.95 estimate. Moreover, management indicated that April comps were coming in at least as well as first-quarter sales.