DUBLIN, Ohio (AP) _ Wendy's Co. (WEN) on Wednesday reported first-quarter earnings of $41.4 million.
On a per-share basis, the Dublin, Ohio-based company said it had profit of 18 cents. Earnings, adjusted for non-recurring costs, were 20 cents per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The hamburger chain posted revenue of $460.2 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $444.1 million.
Wendy's expects full-year earnings in the range of 72 cents to 74 cents per share.
Wendy's shares have risen 4% since the beginning of the year. The stock has increased 8% in the last 12 months.
The Associated Press