NEW YORK (
continued to lose money in its first quarter, as sales momentum remains weak.
During the quarter, the fast-food chain lost $3.4 million, or a penny a share, compared with a loss of $10.9 million, or two cents, in the year-ago period for Wendy's .
Excluding charges, Wendy's actually earned 2 cents a share, a penny higher than estimates.
Wendy's revenue slipped 3% to $837.4 million, also better than analysts expected.
Shares of Wendy's are sinking 3.7% to $4.90 in pre-market trading.
-- Reported by Jeanine Poggi in New York.
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