TORONTO (AP) — TORONTO (AP) — Restaurant Brands International (QSR) on Wednesday reported fourth-quarter earnings of $259 million.
The Toronto-based company said it had profit of 79 cents per share. Earnings, adjusted for non-recurring costs, were 81 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.
The operator of Burger King and Tim Hortons restaurant chains posted revenue of $2.3 billion in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $2.29 billion.
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