TORONTO (AP) — TORONTO (AP) — Restaurant Brands International (QSR) on Tuesday reported third-quarter profit of $252 million.
On a per-share basis, the Toronto-based company said it had profit of 79 cents. Earnings, adjusted for non-recurring costs, came to 93 cents per share.
The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The operator of Burger King and Tim Hortons restaurant chains posted revenue of $2.29 billion in the period, which also missed Street forecasts. Nine analysts surveyed by Zacks expected $2.3 billion.
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