The Wendy's Company Announces 31% Rise In Q1 Earnings

(RTTNews) - The Wendy's Company (WEN) reported a profit for its first quarter that rose from last year.

The company said its bottom line climbed to $29.29 million, or $0.11 per share. This was higher than $22.37 million, or $0.06 per share, in last year's first quarter.

Analysts had expected the company to earn $0.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 16.2% to $378.79 million. This was down from $451.77 million last year.

The Wendy's Company earnings at a glance:

-Earnings (Q1): $29.29 Mln. vs. $22.37 Mln. last year. -Earnings Growth (Y-o-Y): 30.9% -EPS (Q1): $0.11 vs. $0.06 last year. -EPS Growth (Y-o-Y): 83.3% -Analysts Estimate: $0.06 -Revenue (Q1): $378.79 Mln vs. $451.77 Mln last year. -Revenue Change (Y-o-Y): -16.2%

-Guidance: Full year EPS guidance: $0.38 to $0.40