McDonald’s U.S. Sales Slip

It's Benzinga, bringing Wall Street to Main Street. McDonald's reported mixed third quarter results Wednesday as declining customer traffic weighed on U.S. sales, according to CNBC. The fast food giant reported adjusted earnings of $3.57 per share, beating expectations of $3.38. Revenue rose 1% to $7.16 billion, missing estimates of $7.29 billion. U.S. same-store sales fell 0.2%, compared with an expected decline of 0.5%. CEO Chris Kempczinski said domestic performance improved throughout the quarter, following changes to the company's value offerings. Global same-store sales increased 1.5%, exceeding expectations of 1.3%. Sales in international developmental licensed markets rose 4.2%, while international operated markets posted 1.4% growth. Shares rose more than 2% in pre-market trading. For all things money, visit Benzinga.com.