The Restaurant Brands International earnings report for the fourth quarter of 2018 has beating some estimates.
Restaurant Brands International (NYSE:QSR) reported earnings per share of 68 cents for the fourth quarter of the year. This is a decrease from the company’s earnings per share of 71 cents from the same time last year. However, it still gives QSR stock a slight boost today by coming in above Wall Street’s earnings per share estimate of 67 cents for the quarter.
Net income reported in the Restaurant Brands International earnings release for the fourth quarter of 2018 was $301 million. This is a drop from the company’s net income of $578 million reported in the same period of the year prior.
The Restaurant Brands International earnings report for the fourth quarter of the year also includes operating income of $516 million. The fast food company’s operating income from the fourth quarter of 2017 was $505 million.
Restaurant Brands International earnings release for the fourth quarter of 2018 also has revenue coming in at $1.39 billion. This is better than the company’s revenue of $1.23 billion from the fourth quarter of the previous year. It also matches analysts’ revenue estimate for the period.
The most recent earnings report from Restaurant Brands International also has it announcing a dividend of 50 cents for the first quarter of 2019. The company also says that it is targeting $2.00 in dividends for 2019.
QSR stock was up slightly as of noon Monday.
As of this writing, William White did not hold a position in any of the aforementioned securities.