McDonald's reported better than expected quarterly profits today, fuelled by strong sales in the US and abroad, sending its shares up 3.4 per cent in pre-market trade.
The fast food giant said third-quarter net income rose to $1.19 billion, or $1.05 per share, from $1.07 billion, or 89 cents per share, a year earlier.
Analysts on average were expecting 98 cents per share, according to Reuters Estimates.
Total revenue rose 6 per cent to $6.27 billion, helped by a 7.1 per cent increase in global same-store sales.
"As we enter the final quarter of the year, October sales trends remain strong and I am optimistic about McDonald's outlook," said McDonald's Chief Executive Jim Skinner.
McDonald's shares rose to $57 in premarket trade, up from their close at $55.13 on the New York Stock Exchange.
Reuters