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McDonald's 3rd-quarter net income rises


October 21. 2013 8:36AM
Associated Press

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(AP) McDonald's says its third quarter profit rose 5 percent, as the world's biggest hamburger chain benefited from a Monopoly promotion in the U.S. and strength in the U.K. and Russia.


The company says it earned $1.52 billion, or $1.52 per share, for the quarter ended Sept. 30. That compares with $1.46 billion, or $1.43 per share, last year. Analysts expected $1.51 per share.


Revenue rose 2 percent to $7.32 billion from $7.15 billion last year. Analysts expected $7.33 billion.


McDonald's, based in Oak Brook, Ill., says revenue in stores open at least 13 months rose 0.9 percent, including a 0.7 percent rise in the U.S. and a 0.2 percent rise in Europe.


McDonald's has more than 34,000 locations around the world.


Shares fell $1.40 to $93.80 in premarket trading.


Associated Press


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