McDonald's Corp. (MCD) has reported outstanding financial results for the third quarter of 2021, pushing its shares up 3.2%, at the time of writing, during the pre-market trading session on Wednesday. The Chicago-based chain of fast-food restaurant franchises operates more than 30,000 restaurants in over 100 countries. The company reported adjusted earnings per share (EPS) of $2.76, up 24% year-over-year and above the Street’s estimate of $2.46. (See Insiders’ Hot Stocks on TipRanks) Consolidated revenues increased 14% to $6.2 billion, surpassing analysts’ expectations of $6.03 billion. Similarly, Global and U.S. comparable sales rose 12.7% and 9.6%, respectively.
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McDonalds (NYSE:MCD)
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