Market Overview

UPDATE: Wendy's Lifts 2013 Earnings Forecast

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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.

Posted-In: profitEarnings News Guidance

 

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