DUBLIN, Ohio — Wendy’s Co. today reported third-quarter net income of $41.2 million.
On a per-share basis, the company said it had profit of 18 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 19 cents per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The hamburger chain posted revenue of $470.3 million in the period, which missed Street forecasts. Eight analysts surveyed by Zacks expected $471.1 million.