OAKVILLE, Ontario (AP) – Restaurant Brands International (QSR) on Thursday reported second-quarter profit of $90.9 million.
The Oakville, Ontario-based company said it had net income of 38 cents per share. Earnings, adjusted for non-recurring costs, came to 41 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The operator of Burger King and Tim Hortons restaurant chains posted revenue of $1.04 billion in the period.
Restaurant Brands shares have increased 20 percent since the beginning of the year. The stock has risen nearly 4 percent in the last 12 months.
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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 http://www.zacks.com/ap/QSR
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Keywords: Restaurant Brands, Earnings Report