McDonald's 3rd-Quarter Net Income Rises
McDonald's says its third quarter profit rose 5 percent, as the world's biggest hamburger chain benefited from a Monopoly promotion in the U.S. and strength in the UK and Russia.
The company says it earned $1.52 billion, or $1.52 per share, for the quarter ended September 30. That compares with $1.46 billion, or $1.43 per share, last year. Analysts expected $1.51 per share.
Revenue rose 2 percent to $7.32 billion from $7.15 billion last year. Analysts expected $7.33 billion.
McDonald's, based in Oak Brook, Illinoid, says revenue in stores open at least 13 months rose 0.9 percent, including a 0.7 percent rise in the U.S. and a 0.2 percent rise in Europe.
McDonald's has more than 34,000 locations around the world.
Source: Associated Press
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