UPDATE: Wendy's Lifts 2013 Earnings Forecast
Wendy's Co (NASDAQ: WEN) reported a narrower third-quarter loss.
Wendy's posted a quarterly loss of $1.9 million, or $0.00 per share, versus a year-ago loss of $26.2 million, or $0.07 per share. Its adjusted earnings per share climbed to $0.08 from $0.02.
Its revenue climbed to $640.8 million from $636.3 million. However, analysts were projecting earnings of $0.06 per share on revenue of $640 million.
Wendy's lifted its full-year earnings view to $0.25 per share.
Wendy's shares fell 10.34% to $8.15 in pre-market trading.
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