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Wendy's misses 3Q net income and revenue expectations

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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.

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

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Keywords:Wendy's,Earnings Report

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