Oct 23, 2009
McDonald’s 3rd-quarter same-store sales, profit jump.
McDonald’s stock rose $1.17, or 2 percent, to $59.50. The stock traded as high as $60.60 in the morning before U.S. expectations for October were disclosed in a conference call with stock analysts.
Overall, McDonald’s reported third-quarter earnings of $1.26 billion, or $1.15 per share, up 11 percent from $1.19 billion, or $1.05 a share, a year earlier. The latest results beat analysts’ average estimates by 4 cents per share. Revenue was $6.05 billion, down from $6.3 billion a year ago and a bit short of analysts’ estimates, due in part to currency fluctuations.