date:Mar 01, 2013
Wendy's Co. said its net income rose sharply because of a larger tax benefit and lower interest expense. It earned $26.4 million, or 7 cents per share, compared with $4 million, or 1 cent per share, a year ago.
The company revised its preliminary adjusted results showing earnings in January to reduce the estimate for charges related to discontinuing breakfast at certain locations and to reduce depreciation and amortization. It now says adjusted earnings were 9 cents per share in the period.
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