KEY POINTS:
McDonald's expects to report quarterly earnings above Wall Street estimates on its strongest quarterly sales in three years.
The world's largest restaurant chain operator said it expected earnings of 71 cents a share before costs related to the sale of businesses in Latin America.
Analysts, on average, had been expecting earnings of 67 cents a share.
In April, McDonald's said it would sell about 1600 outlets in Latin America and the Caribbean to a franchisee.
The company said June sales rose 8.4 per cent. Three Wall Street analysts' June same-store sales estimates ranged from a rise of 4 per cent to 7 per cent.
McDonald's shares rose more than 1 per cent to US$52.75 ($67.88) from last Friday's close of US$51.91.
- REUTERS
