McDonald's announced that profits were below analyst estimates, despite higher revenue during the third quarter. The company earned $1.43 per share versus $1.45 per share last year, and below the estimate of $1.47. Revenue was higher, climbing to $7.2 billion from $7.17 billion during the same period last year, while analysts had expected $7.16 billion. Global sales were higher by 1.9 percent, and the company blamed currency pressures in part for the slower earnings growth.
Shares are lower in early trading.
Rival Burger King Worldwide (NYSE:BKW) is set to report on October 29, with analysts expecting earnings per share of $0.14.
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