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McDonald’s Q3 Revenue and Profit Beat Estimates, Stock Rises

McDonald’s on Monday reported third-quarter revenue and profit that topped analysts’ estimates, as higher prices in the US boosted turnover. Following the news, McDonald’s shares rose 2.24% to $261.50.

McDonald’s earnings per share were $3.17, analysts expected $3 per share. Revenues reached 6.69 billion. dollars, or were 14% higher, surpassing analysts’ forecast of 6.58 billion. dollars, reports CNBC.

2023-10-30 12:06:16
#McDonalds #continues #grow #analysts #recommend #buying #shares

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