Corrects time of release of McDonald's earnings to after the markets close, not before the market open
** Shares of McDonald's MCD.N are up 0.6% to $327.43 ahead of its quarterly earnings report due after the markets close on Wednesday
** Wall Street analysts expect MCD to report a ~7% gain in revenue to $6.84 billion helped by growth in sales from U.S. as well as international restaurants. Adj EPS is also seen rising ~7.6% to $3.05 vs $2.83
** MCD's EPS has met or beaten estimates five times in past eight qtrs and revenue has met or beaten estimates three times in past eight qtrs
** In September, the company reintroduced its Extra Value Meals and began working with franchisees to standardize a 15% discount on combo meals nationwide, up from the current 10% to 11%
** Among 39 analysts covering MCD, avg rating is "BUY" and median PT is $344
** MCD is up 7.1% YTD vs Dow Industrials' .DJI 4.5% rise
(Reporting by Chibuike Oguh in New York)
((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))