News Summary

Shares of McDonald's Corp MCD gained about 0.8% after the company reported a 6% rise in its April global comparable sales. The company's sales increased 4% in the US. Its sales rose 6.5% in Europe and surged 6.5% in Asia, Middle East and Africa. However, analysts were expecting total comparable sales to increase 3.4%. Shares of Sysco Corp SYY rose about 10.5% after the company reported its FQ3 profit at $258.5 million, or $0.44 per share, from $247.6 million, or $0.42 per share, in the year-earlier period. The company's sales jumped to $9.76 billion from $8.95 billion. However, analysts were expecting earnings of $0.41 per share on sales of $9.45 billion. Shares of Dollar Thrifty Automotive Group Inc DTG gained about 11.3% after Hertz Global Holdings Inc HTZ offered to purchase DTG for $72 per share. Hertz will offer $57.60 in cash and 0.8546 of its own shares for every DTG share. The offer by HTZ represents a 3.3% premium to DTG's closing price on Friday and a 26% premium to its 90-day average price. The offer values DTG at about $2.08 billion. Read more from Benzinga's Markets.