** Shares of Latin American McDonald’s franchisee Arcos Dorados ARCO.N rise about 3% to $7.35 premarket
** Q3 net income beats estimates, helped by federal tax credit in Brazil
** Reports Q3 earnings per share of 71 cents, compared with estimates of 13 cents per share - LSEG
** Quarterly revenue of $1.2 billion vs estimates of $1.22 billion
** Federal tax credit in Brazil provides $125.2 million net benefit, positively impacts core profit, net income
** As of last close, stock marginally down YTD
(Reporting by Chandni Shah in Bengaluru)
((chandni.shah@thomsonreuters.com))