McDonald’s stock heads for 3rd straight record after earnings, sales rise above expectations

Shares of McDonald’s Corp. MCD rose 0.6% toward a record high in premarket trading Tuesday, after the fast-food giant reported first-quarter results that rose above expectations, helped by higher menu prices and increased traffic. Net income increased to $1.80 billion, or $2.45 a share, from $1.10 billion, or $1.48 a share, in the year-ago period. Adjusted earnings per share, which excluded restructuring charges, came in at $2.63, to beat the FactSet consensus of $2.33. Revenue grew 4.1% to $5.

6% toward a record high in premarket trading Tuesday, after the fast-food giant reported first-quarter results that rose above expectations, helped by higher menu prices and increased traffic. Net income increased to $1.80 billion, or $2.45 a share, from $1.10 billion, or $1.48 a share, in the year-ago period. Adjusted earnings per share, which excluded restructuring charges, came in at $2.63, to beat the FactSet consensus of $2.33. Revenue grew 4.1% to $5.

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