McDonald's Corp (NYSE:MCD - News) reported better-than-expected quarterly profit on Wednesday, fueled by strong sales in the United States and abroad, sending its shares up 3.4 percent in premarket trade.
The world's largest hamburger chain said third-quarter net income rose to $1.19 billion, or $1.05 per share, from $1.07 billion, or 89 cents per share, a year ago.
Analysts on average were expecting 98 cents per share, according to Reuters Estimates.
Total revenue rose 6 percent to $6.27 billion, helped by a 7.1 percent increase in global same-store sales.
"As we enter the final quarter of the year, October sales trends remain strong and I am optimistic about McDonald's outlook," said McDonald's Chief Executive Jim Skinner.
McDonald's shares rose to $57 in premarket trade, up from their close at 55.13 on the New York Stock Exchange.
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