Burger King flips to profit; tops estimates

Burger King Holdings Inc. (BKC.N: Quote, Profile, Research reported a better-than-expected quarterly profit on Friday, helped by strong demand for a new, cheaper breakfast menu and premium burgers.

Shares of the world's No. 2 hamburger chain rose 5.6 percent in premarket trading after it said fiscal third-quarter net income was $34 million, or 25 cents per share, compared with a net loss of $12 million, or 11 cents per share, a year earlier.

Wall Street analysts, on average, had been expecting earnings of 22 cents per share, according to Reuters Estimates.

Read Full Article from Reuters

- Posted: 2007-04-27 09:34:24

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