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Wendy's misses 3Q net income and revenue expectations


DUBLIN, Ohio — Wendy's Co. (WEN) on Thursday reported third-quarter earnings of $22.8 million.

On a per-share basis, the Dublin, Ohio-based company said it had profit of 6 cents. Earnings, adjusted for one-time gains and costs, were 8 cents per share.

The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The hamburger chain posted revenue of $512.5 million in the period, also missing Street forecasts. Analysts expected $516.7 million, according to Zacks.

Wendy's expects full-year earnings in the range of 34 cents to 36 cents per share.

Wendy's shares have declined almost 8 percent since the beginning of the year. The stock has decreased 13 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. WEN stock research report from Zacks.


Keywords:Wendy's,Earnings Report

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