Wendy's beats Street 3Q forecasts

Wendy's Co. (WEN) on Wednesday reported third-quarter net income of $48.9 million.

The Dublin, Ohio-based company said it had profit of 18 cents per share. Earnings, adjusted for non-recurring gains, came to 11 cents per share.

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

The hamburger chain posted revenue of $364 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $344.3 million.

Wendy's expects full-year earnings in the range of 40 cents to 41 cents per share.

Wendy's shares have increased slightly more than 3 percent since the beginning of the year. The stock has climbed 18 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 WEN at https://www.zacks.com/ap/WEN

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Keywords: Wendy's, Earnings Report