TORONTO (AP) — TORONTO (AP) — Restaurant Brands International (QSR) on Tuesday reported first-quarter earnings of $230 million.
On a per-share basis, the Toronto-based company said it had net income of 72 cents. Earnings, adjusted for non-recurring costs, were 73 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The operator of Burger King and Tim Hortons restaurant chains posted revenue of $1.74 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $1.71 billion.
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