Dunkin' tops 3Q earnings expectations, misses revenue forecasts

MarketsAssociated Press

Dunkin' Brands Group Inc. (DNKN) on Thursday reported third-quarter profit of $54.7 million.

The Canton, Massachusetts-based company said it had profit of 52 cents per share. Earnings, adjusted for one-time gains and costs, were 49 cents per share.

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The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The owner of the Dunkin' Donuts and Baskin-Robbin chains posted revenue of $192.6 million in the period, which fell short of Street forecasts. Analysts expected $195.6 million, according to Zacks.

Dunkin' shares have fallen almost 3 percent since the beginning of the year. The stock has decreased slightly more than 4 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. DNKN stock research report from Zacks: http://www.zacks.com/ap/DNKN

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Keywords:Dunkin',Earnings Report