McDonald’s Corp. reported third-quarter net income of $1.88 billion, or $2.32 per share, up from $1.28 billion, or $1.50 per share, for the same period last year. Adjusted EPS was $1.76, meeting the FactSet consensus. Revenue totaled $5.75 billion, down from $6.42 billion last year and in line with the FactSet estimate. The company attributed the revenue decline to its refranchising efforts. Global same-restaurant sales rose 6% for the quarter, ahead of the 4.6% FactSet consensus. McDonald’s shares are up 0.2% in Tuesday premarket trading, and up nearly 44% for the last year. The S&P 500 index up 19.2% for the past 12 months, and the Dow Jones Industrial Average is up 27.7% for the period.
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