Quantcast
Home » News » Justice
Home » News » Justice

Burger King 2Q profit rises 19 percent

First Published Aug 01 2014 09:27AM      Last Updated Aug 01 2014 09:27 am

Miami • Burger King Worldwide Inc. (BKW) on Friday reported net income that climbed by 19 percent in its second quarter, and topped analysts’ expectations.

The Miami-based company said profit increased to $75.1 million, or 21 cents per share, from $62.9 million, or 18 cents per share, in the same quarter a year earlier.

Earnings, adjusted for one-time gains and costs, came to 25 cents per share. The average per-share estimate of analysts surveyed by Zacks Investment Research was for profit of 23 cents.

The company said revenue declined 6.1 percent to $261.2 million from $278.3 million in the same quarter a year ago, and missed Wall Street forecasts. Analysts expected $263.3 million, according to Zacks.



Burger King shares have risen $3.52, or 15 percent, to $26.38 since the beginning of the year. The stock has increased $6.62, or 34 percent, in the last 12 months.

—————

This story was generated automatically by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Full BKW report: http://www.zacks.com/ap/BKW

—————

Keywords:Burger King,Earnings Report

 

 

 

 

comments powered by Disqus