UPDATE: Wendy's Posts Q1 Profit

The Wendy's Co WEN posted a profit in the first quarter. Wendy's quarterly earnings came in at $12.4 million, or $0.03 per share, versus a loss of $1,409,000, or zero cents per share, in the year-ago period. Its revenue rose to $593.2 million from $582.5 million. Analysts were expecting earnings of $0.03 per share on revenue of $608.1 million. Wendy's shares closed at $4.87 yesterday.