MIAMI (AP) — MIAMI (AP) — Restaurant Brands International (QSR) on Thursday reported third-quarter profit of $315 million.
The Miami-based company said it had net income of 96 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $1.03 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1 per share.
The operator of Burger King and Tim Hortons restaurant chains posted revenue of $2.45 billion in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $2.39 billion.
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