CHICAGO (AP) — CHICAGO (AP) — McDonald's Corp. (MCD) on Monday reported third-quarter net income of $2.32 billion.
The Chicago-based company said it had profit of $3.17 per share. Earnings, adjusted for non-recurring costs, came to $3.19 per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $3 per share.
The world's biggest hamburger chain posted revenue of $6.69 billion in the period, which also topped Street forecasts. Twelve analysts surveyed by Zacks expected $6.57 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCD at https://www.zacks.com/ap/MCD