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McDonald's Profit Sizzles (Update)
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Updated from 9:33 a.m. EDT
McDonald's (MCD Quote) exceeded expectations on the top and bottom line for the third quarter.
The fast-food restaurant giant reported third-quarter net income of $1.19 billion, or $1.05 a share, rising from $1.07 billion, or 89 cents a share, in the same quarter a year earlier. Results handily beat analysts' average forecast of 98 cents a share, according to Thomson Reuters.
Revenue rose 6% to $6.27 billion from $5.9 billion in the year-ago quarter, coming in ahead of Wall Street's average target of $6.18 billion. ...
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