McDonald’s (MCD) flat on lower profits

McDonald’s Corp. (NYSE: MCD) gained 0.2% to $99.91, after it said Tuesday its first-quarter profit fell to $1.2 billion or $1.21 a share, from a year-ago profit of $1.27 billion, or $1.26 a share, as income-tax benefits from the prior year weighed on earnings. Quarterly revenue edged up to $6.70 billion from $6.61 billion a year earlier. Share volume was 483,000, compared to an all-day average of 1.3 million