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Burger King(BKC Quote) reported a 23% rise in first-quarter earnings, topping expectations, as movie tie-ins and new menu items helped boost traffic.
But the Miami-based burger chain also said its top stockholders plan to unload up to a third of their shares, putting pressure on the stock early Monday.
For the quarter ended Sept. 30, Burger King earned $49 million, or 35 cents a share, up from $40 million, or 30 cents a share, a year earlier.
Analysts anticipated earnings of 33 cents a share for the latest quarter, according to Thomson Financial. ...
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