Investing.com - Fast food giant McDonald's (N:MCD) reported better than expected fourth quarter earnings and revenue on Monday, sending its shares to record highs pre-market
McDonald’s posted fourth-quarter earnings per share of $1.31, up from $1.13 a share a year earlier
Revenue for the quarter totaled $6.34 billion, above forecasts for sales of $6.22 billion but down 3.5% from the final quarter of 2014
Sales at U.S. restaurants open at least 13 months jumped 5.7% in the fourth quarter
Sales were boosted by the October launch of the all-day breakfast menu, introduced as part of a turnaround strategy under CEO Steve Easterbrook
McDonald’s shares rallied 3.42% to $122.45 pre-market, up from Friday's close of $118.40