CHICAGO (AP) _ McDonald's Corp. (MCD) on Monday reported third-quarter earnings of $1.76 billion.
On a per-share basis, the Chicago-based company said it had profit of $2.35. Earnings, adjusted for non-recurring gains, were $2.22 per share.
The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.
The world's biggest hamburger chain posted revenue of $5.42 billion in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $5.37 billion.
McDonald's shares have climbed roughly 10% since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 9%. The stock has risen 12% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCD at https://www.zacks.com/ap/MCD
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