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McDonald’s shares pop as investors cheer third-quarter beat – CNBC

October 21
14:39 2016

McDonald’s shares jumped more than 2 percent Friday after it reported third-quarter earnings that topped Wall Street estimates, fueled by global same-store sales growth.

McDonald’s reported earnings of $1.28 billion, or $1.50 per share, on revenue of $6.42 billion. Analysts expected the burger chain to earn about $1.48 a share on $6.27 billion in revenue, according to a consensus estimate from Thomson Reuters.

Still earnings were down from the $1.31 billion the company earned in last year’s third quarter, and revenue slipped 3 percent from $6.62 billion in the year-ago period, hurt by refranchising efforts.

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