NEW YORK (TheStreet) -- Burger King Worldwide (BKW) released its first quarter earnings information on Friday, missing Wall Street revenue expectations but increasing profits during the period.
The stock is flat in early market trading today.
The fast food restaurant franchiser reported net income of $60.4 million, or 20 cents per diluted share excluding one time expenses., beating analysts consensus estimates by 1 cent.
Revenue for the quarter was reported at $240.9 million, missing analysts guidance of $241.3 million.
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TheStreet Ratings team rates BURGER KING WORLDWIDE INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate BURGER KING WORLDWIDE INC (BKW) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: