Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
Shares of McDonald’s Corp. MCD, -0.03% jumped 3.2% toward a one-month high in premarket trading Monday, after the fast-food restaurant giant reported third-quarter profit and revenue that rose above expectations. Net income rose to $2.32 billion, or $3.17 a share, from $1.98 billion, or $2.68 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $3.19 beat the FactSet consensus of $3.00. Revenue grew 14% to $6.69 billion, above the FactSet consensus of $6.
56 billion, as same-store sales growth of 8.8% beat expectations for an 8.0% rise. In the U.S., same-store sales increased 8.1%, boosted by higher menu prices, to top expectations of 7.5% growth. “The macroeconomic environment is unfolding in line with our expectations for the year, and we continued to deliver convenience and value for our customers,” said Chief Executive Chris Kempczinski. The stock has dropped 13.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Check Point Software beats earnings expectations as Israel-based cybersecurity company sees business operate ‘as planned’Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Read more »
Miromatrix Medical stock soars after it agrees to be bought by United TherapeuticsSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Read more »
Spirit Realty stock rallies on $9B buyout by Realty Income Corp.Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Read more »
These money and investing tips keep your portfolio fit when markets are sluggishMoney and investing stories popular with MarketWatch readers over the past week.
Read more »
Nelson Peltz gets Disney stake of former Marvel exec. as he battles for board seat: WSJBarbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter bkollmeyer.
Read more »
USWNT finds old form with young players in 3-0 win over ColombiaThe USWNT's young players shined in a 3-0 victory over Colombia on Sunday in Twila Kilgore's final match as interim head coach.
Read more »