Wendy's shares fall premarket as earnings beat offset by soft guidance

📆 26/02/2020 12:21:00
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Wendy's shares fall in premarket as guidance misses expectations

Wendy's Co. shares WEN, -1.84% slid 4.4% in premarket trade Wednesday, after the fast-food company matched profit estimates for the fourth quarter but offered guidance that was slightly short of estimates. The Dublin, Ohio-based company said it had net income of $26.5 million, or 11 cents a share, in the quarter, up from $18.8 million, or 8 cents a share, in the year-earlier period. Adjusted per-share earnings came to 8 cents, matching the FactSet consensus. Revenue rose to $427.

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