McDonald's Climbs In Pre-Market On Strong Quarterly Results

is on the rise during pre-market trading on Wednesday following the release of better-than-expected quarterly results. At 8:39 am ET the stock is trading at $61.75 up $1.71 from Tuesday's close. With the advance, the stock stands to open above resistance and at its highest level in about two months. The company reported net profit of $1.20 billion, or $1.04 per share, compared to a loss of $711.7 million, or $0.60 per share, in the same quarter last year. On average, 15 analysts polled by First Call/Thomson Financial expected earnings of $0.86 per share. by RTT Staff Writer For comments and feedback: contact... [read full story]