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Restaurant Brands beats 4Q profit forecasts

FILE - In this Wednesday, March 18, 2015, file photo, food specials are offered at a Burger King fast food restaurant in Los Angeles. On Tuesday, Feb. 16, 2016, Burger King owner Restaurant Brands International Inc. reports earnings. (AP Photo/Damian Dovarganes, File) FILE - In this Wednesday, March 18, 2015, file photo, food specials are offered at a Burger King fast food restaurant in Los Angeles. On Tuesday, Feb. 16, 2016, Burger King owner Restaurant Brands International Inc. reports earnings. (AP Photo/Damian Dovarganes, File)

By Associated Press February 16, 2016 1 min read

OAKVILLE, Ontario (AP) – Restaurant Brands International (QSR) on Tuesday reported fourth-quarter profit of $119.2 million.

The Oakville, Ontario-based company said it had net income of 25 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 35 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The operator of Burger King and Tim Hortons restaurant chains posted revenue of $1.06 billion in the period.

Restaurant Brands shares have dropped 2.5 percent since the beginning of the year. The stock has dropped 6 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