Restaurant Brands: 2Q Earnings Snapshot
OAKVILLE, Ontario (AP) — Restaurant Brands International (QSR) on Wednesday reported second-quarter net income of $167.6 million.
On a per-share basis, the Oakville, Ontario-based company said it had net income of 66 cents.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.
The operator of Burger King and Tim Hortons restaurant chains posted revenue of $1.34 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $1.38 billion.
Restaurant Brands shares have climbed roughly 3 percent since the beginning of the year. The stock has risen 6 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QSR at https://www.zacks.com/ap/QSR