Restaurant Brands International Stock Rises as Q4 Results Top Estimates

Restaurant Brands International (

QSR

) reported better-than-expected fourth-quarter results Wednesday, sending shares higher in premarket trading.

The parent company of Burger King, Tim Hortons, and Popeyes reported adjusted
earnings per share (EPS)
of $0.81 on revenue of $2.3 billion. Analysts had expected $0.50 and $2.29 billion, respectively, according to estimates compiled by Visible Alpha.

The fast-food giant’s
comparable sales
grew 2.5%, better than the 1.59% growth that analysts had expected.

Shares of Restaurant Brands International rose 3% immediately following the report’s release. They entered the day down about 13% over the last 12 months.

The company’s results come two days after those of rival McDonald’s (

MCD

), which topped estimates as global comparable sales
unexpectedly returned to growth
.

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