India, Feb. 10 -- Fast food chain McDonald's Corp. reported Monday slightly lower profit in its fourth quarter with nearly flat revenues. Adjusted earnings and revenues missed market estimates. However, the company recorded growth in operating income as well as global comparable sales, despite a weakness in U.S.
In pre-market activity on the NYSE, McDonald's shares were trading at $301.64, up 2.5 percent.
Chairman and CEO Chris Kempczinski said, "Accelerating the Arches continues to be the right strategy as we focus on growing market share. We're playing to win, focusing on our customers with outstanding value, exciting menu innovation and culturally relevant marketing."
For the quarter, the foodservice retailer's net income dropped 1 pe...