November 8, 2012 / 1:12 PM / 8 years ago

Wendy's adjusted profit misses Street

The Wendy's signage is pictured at a Wendy's restaurant in Westminster, Colorado March 2, 2009. REUTERS/Rick Wilking

(Reuters) - Wendy’s Co (WEN.O), the second-largest U.S. hamburger chain, reported an adjusted quarterly profit that missed Wall Street’s view as labor and marketing costs rose.

The company reported a bigger net loss of $26.2 million, or 7 cents per share, for the third quarter compared with a net loss of $3.9 million, or 1 cent per share, a year earlier.

Excluding a pretax charge of about $50 million from early extinguishment of debt, Wendy’s reported adjusted earnings from continuing operations of 3 cents per share.

Revenue rose 4.1 percent to $636.3 million. Same-store sales at established Wendy’s North America company-operated restaurants rose 2.7 percent.

Analysts on average had expected a quarterly profit of 5 cents per share on revenue of $640.15 million, according to Thomson Reuters I/B/E/S.

Shares of the Dublin, Ohio-based chain closed at $4.26 on the Nasdaq on Wednesday. (Reporting by Aditi Shrivastava in Bangalore and Lisa Baertlein in Los Angeles; Editing by Joyjeet Das)

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