McDonald's (MCD) Tops Q3 EPS by 12c

McDonald's (NYSE: MCD) reported Q3 EPS of $1.40, $0.12 better than the analyst estimate of $1.28. Revenue for the quarter came in at $6.62 billion versus the consensus estimate of $6.41 billion.

The following third quarter results included a benefit from comparison to the 2014 China supplier issue:

• Global comparable sales increase of 4.0%, reflecting positive comparable sales in all segments
• Consolidated revenues decrease of 5% (increase of 7% in constant currencies)
• Consolidated operating income decrease of 2% (increase of 10% in constant currencies)
• Diluted earnings per share of $1.40, an increase of 28% (44% in constant currencies), due in part to a benefit from comparison to the prior year's increase in tax reserves related to certain foreign tax matters

For earnings history and earnings-related data on McDonald's (MCD) click here.

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