Burger King Impresses Investors as Public Company (Again)

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HFA Staff
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An IPO company has delivered a bumper quarterly result, and its shares are up 2.5 percent after the issue. That’s saying a lot in these troubled times for newly listed public companies. Burger King Worldwide Inc (NYSE:BKW) rode a huge expansion in its menu to a quarterly profit that vaulted 60 percent. It went public just last month. Net earnings rose to $48.2 million (14 cents a share) compared to $30.2 million (9 cents a share) last year, and beat the consensus estimate of $45.6 million (13 cents a share). Total revenues however, fell to $540.8 million from $595.4 million, and missed...

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