Investing.com - The Wendy’s Co reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
The Wendy’s Co announced earnings per share of $0.24 on revenue of $532.6M. Analysts polled by Investing.com EPS of $0.23 on revenue of $539.64M.
The Wendy’s Co 's are down 16.73% and is trading at $20.50 , still down 15.32% from its 52 week high of $24.48 set on Friday, January 7, 2022.
The Wendy’s Co shares lost 1.11% to trade at $20.50 in pre-market trade the report.
The Wendy’s Co follows other major Consumer Discretionary sector earnings this month
The Wendy’s Co's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, for EPS of $1.03 on revenue of $22.5B.
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