McDonald's stock rallied more than 2% in premarket trading Wednesday as the company announced a new turnaround plan to be revealed early next month.
Results, though nothing to brag about, were better than expected. The world's biggest fast-food company said it had a profit of 84 cents per share. Earnings were $1.10 per share, adjusted for non-recurring costs. That beat Wall Street expectations, which were $1.05 per share.