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flag Arcos Dorados, which franchises McDonald's in Latin America, beats earnings expectations despite revenue dip.

flag Arcos Dorados, which franchises McDonald's restaurants in Latin America and the Caribbean, reported a better-than-expected earnings per share (EPS) of $0.28, up from $0.26 last year, despite a 2.6% drop in revenue to $1.144 billion. flag The company operates in 20 countries and saw its stock price rise on the earnings report. flag For the year, it reported a profit of $148.8 million on revenue of $4.47 billion.

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