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ARCO Arcos Dorados Holdings News Story

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LatAm McDonald operator Arcos Dorados up as tax break drives Q3 profit beat

** 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))

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