The Wendy's Company Bottom Line Declines 24% In Q3

(RTTNews) - The Wendy's Company (WEN) revealed earnings for third quarter that decreased from last year.

The company said its bottom line totaled $22.22 million, or $0.09 per share. This was lower than $29.42 million, or $0.11 per share, in last year's third quarter.

Analysts had expected the company to earn $0.12 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 15.4% to $308.00 million. This was down from $364.01 million last year.

The Wendy's Company earnings at a glance:

-Earnings (Q3): $22.22 Mln. vs. $29.42 Mln. last year. -Earnings Decline (Y-o-Y): -24.5% -EPS (Q3): $0.09 vs. $0.11 last year. -EPS Decline (Y-o-Y): -18.2% -Analysts Estimate: $0.12 -Revenue (Q3): $308.00 Mln vs. $364.01 Mln last year. -Revenue Change (Y-o-Y): -15.4%

-Guidance: Full year EPS guidance: $0.43 - $0.45