NEW YORK (TheStreet) -- Shares of McDonald's (MCD) - Get McDonald's Corporation (MCD) Report were rising in pre-market trading on Friday after the fast-food chain reported higher-than-anticipated results for the 2016 third quarter.

Before today's opening bell, the Oak Brook, IL-based company posted adjusted earnings of $1.50 per diluted share, beating analysts' estimates for earnings of $1.48 per share.

Revenue declined 3% to $6.42 billion year-over-year, but topped Wall Street's projections for revenue of $6.28 billion.

Global same-store sales rose 3.5% in the quarter vs. analysts' expectations for a 1.3% increase.

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Last year, McDonald's reported adjusted earnings of $1.40 per share on $6.62 billion in revenue for the same period.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "hold" with a ratings score of C+.

The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and generally higher debt management risk.

You can view the full analysis from the report here: MCD

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