McDonald's profit beats expectations

The world's biggest fast-food chain said third-quarter net income rose to $1.51 billion, or $1.45 per share, from $1.39 billion, or $1.29 per share, a year earlier.

Analysts on average forecast $1.43 a share, according to Thomson Reuters I/B/E/S.

McDonald's shares rose 1.5 percent in premarket trading.

(Reporting by Brad Dorfman in Chicago and Lisa Baertlein in Los Angeles; editing by John Wallace)