08:12 AM EST, 11/13/2024 (MT Newswires) -- Arcos Dorados ( ARCO ) reported Q3 net income Wednesday of $0.17 per share, down from $0.28 a year earlier.

Two analysts polled by Capital IQ expected $0.16.

Revenue for the quarter ended Sept. 30 was $1.13 billion, nearly unchanged from a year earlier.

Analysts surveyed by Capital IQ expected $1.13 billion.

The company also said Q3 systemwide comparable sales increased 32.1% year-over-year.

Shares were over 5% higher in recent premarket activity.