McDonald’s Corp. reported better-than-expected results for the third quarter as the global pandemic continued to give restaurants with robust drive-thru and delivery footprints a lift. The shares rose.
The chain posted revenue of $5.42 billion, surpassing analysts’ expectations for the fourth straight quarter. Adjusted earnings per share of $2.22 also beat estimates. The burger chain had previously reported same-store sales for the quarter, including 4.6% growth in the U.S. that wasn’t enough to offset weakness abroad. Globally, same-store sales dropped 2.2%.