Wendy's misses 2Q profit expectations, tops revenue forecasts

MarketsAssociated Press

Wendy's Co. (WEN) on Wednesday reported second-quarter net income of $40.2 million.

The Dublin, Ohio-based company said it had profit of 11 cents per share. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.

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The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The hamburger chain posted revenue of $489.5 million in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $489.3 million.

Wendy's expects full-year earnings in the range of 31 cents to 33 cents per share.

Wendy's shares have climbed 14 percent since the beginning of the year. The stock has increased 27 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 http://www.zacks.com/ap/WEN

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Keywords: Wendy's, Earnings Report