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NEW YORK -- With global comparable sales increasing more than analysts anticipated, McDonald's Corp. third-quarter profit rose 5.9 percent, according to a Bloomberg report.
In a statement, the company reported its net income jumped to $1.26 billion, or $1.15 a share, from $1.19 billion, or $1.05, a year earlier; revenue fell 3.5 percent to $6.05 billion.
In the United States, McDonald's is looking to new products, including McCafe espresso-based drinks and the $3.99 Angus Third-Pounder burger, larger than the chain's other sandwiches, to drive sales, Bloomberg reported. Premium items fueled sales in Europe, while convenience and value boosted demand in China and Australia, the company said.
Analysts predicted profit of $1.11 a share, the average of 18 estimates compiled by Bloomberg.
Sales at restaurants open at least 13 months rose 3.8 percent. Analysts projected a rise of 2.9 percent, the average of four estimates compiled by Bloomberg.
Sales rose 2.5 percent at U.S. stores, 5.8 percent in Europe and 2.2 percent in Asia, the Middle East and Africa. They were expected to climb 2.2 percent in the United States, 5.4 percent in Europe and 1.1 percent in Asia, the Middle East and Africa.
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