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11/9/2020, 1:02 PM (Source: TeleTrader)
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McDonald's EPS jumps 11% to $2.35 in Q3

McDonald's earnings per share jumped 11% year on year to $2.35 in the third quarter, the company announced on Monday. Meanwhile, the company's net income was up 10% over the same period and came in at $1.8 billion in the three-month period ended September 30. However, total revenues declined 2% year on year to $5.4 billion in the third quarter.

The company also added that it increased its cash dividend by 3% to $1.29 per share, payable on December 15.

"The resilience of the McDonald's system was on display during the third quarter as the competitive strength of our business and the 3 D's – Digital, Delivery and Drive-Thru – led to significant global comparable sales recovery," CFO Kevin Ozan said.

McDonald's stocks jumped 5.34% in premarket trade following the earnings release.

Breaking the News / VP