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McDonalds shares gain weight on quarterly results

Last updated: 11:43 22 Oct 2015 EDT, First published: 03:32 22 Oct 2015 EDT

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flame grilled! - McDonalds shares sparked higher

Burger bar behemoth McDonalds (NYSE:MCD) saw shares advance 7%  as the group posted earnings and revenue that beat estimates.

In the US, third quarter comparable sales increased 0.9%, the segment's first quarterly comparable sales increase in two years, the global group revealed.

The group, which has been trying to turn round fortunes,  earned US$1.40 a share compared to US$1.09 a year ago. Revenue was $6.62 billion, down from $6.99 billion a year earlier.

Analysts forecast McDonald's would deliver EPS of US$1.27 and revenue of US$6.41 billion in revenue.

"Consumers have more choices than ever about where to dine, and our operational growth-led turnaround is focused on appealing to customers in the areas that matter most to them - great-tasting, high-quality food, convenience and value," said McDonald's President and Chief Executive Officer Steve Easterbrook.

"I am encouraged by our operating performance for the quarter, with positive comparable sales across all segments, including the US, as well as sales recovery in China following the prior year supplier issue.

" am confident in the fundamental strength of the McDonald's System and our ability to drive initiatives that are focused on delivering the greatest benefit for our customers."

Shares gained 7% to US$109.72..

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