Wendy's posts 3Q profit, results top Wall Street estimates

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DUBLIN, Ohio — Wendy's Co. (WEN) on Wednesday reported third-quarter earnings of $7.6 million.

On a per-share basis, the Dublin, Ohio-based company said it had net income of 3 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 9 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The hamburger chain posted revenue of $464.6 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $442.2 million.

Wendy's shares have climbed slightly more than 4 percent since the beginning of the year. The stock has climbed 17 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WEN at http://www.zacks.com/ap/WEN


Keywords: Wendy's, Earnings Report

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