Market Overview

UPDATE: McDonald's Q3 Profit Gains 4.6%

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McDonald's (NYSE: MCD) reported a 4.6% rise in its third-quarter profit.

McDonald's quarterly profit surged to $1.52 billion, or $1.52 per share, from $1.46 billion, or $1.43 per share, in the year-ago period.

Its revenue climbed 2.4% to $7.32 billion. However, analysts were expecting earnings of $1.51 per share on revenue of $7.34 billion.

Its same-store sales in the US increased 0.7%.

McDonald's shares fell 1.68% to $93.60 in pre-market trading.

 

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