News Formal

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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

#div-gpt-ad-1569967089584-0 > div > iframe { width: 100% !important; min-width: 300px; max-width: 800px; }

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Salesforce co-CEO Keith Block steps down, Marc Benioff is CEO - Business InsiderA big CEO shakeup at Salesforce as one of its co-CEOs — who only took the job in 2018 — steps down, after being with the company since 2013.
Source: BusinessInsider - 🏆 729. / 51 Read more »