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00:02McDonald's reported mixed third quarter results Wednesday as declining customer traffic weighed
00:08on U.S. sales, according to CNBC. The fast food giant reported adjusted earnings of $3.57 per
00:15share, beating expectations of $3.38. Revenue rose 1% to $7.16 billion, missing estimates of $7.29
00:26billion. U.S. same-store sales fell 0.2%, compared with an expected decline of 0.5%.
00:33CEO Chris Kempchinski said domestic performance improved throughout the quarter following changes
00:39to the company's value offerings. Global same-store sales increased 1.5%, exceeding expectations of
00:461.3%. Sales in international developmental licensed markets rose 4.2%, while international
00:54operated markets posted 1.4% growth. Shares rose more than 2% in pre-market trading.
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