Dunkin' Brands posts 2Q profit, results top Wall Street estimates

MarketsAssociated Press

Dunkin' Brands Group Inc. (DNKN) on Thursday reported second-quarter net income of $42.3 million.

The Canton, Massachusetts-based company said it had profit of 44 cents per share. Earnings, adjusted for one-time gains and costs, were 50 cents per share.

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The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

The owner of the Dunkin' Donuts and Baskin-Robbin chains posted revenue of $211.4 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $202.9 million.

Dunkin' shares have increased 33 percent since the beginning of the year. The stock has climbed 26 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on DNKN at http://www.zacks.com/ap/DNKN

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Keywords: Dunkin' Brands, Earnings Report