The Wendy’s Co (WEN) Earnings Tops Estimates

The Wendy's Co (NASDAQ:WEN) showed its earnings numbers for the three months through September 2013 this morning before the market opened on Wall Street. The company reported that it broke even in the period, beating the estimations of analysts. On this morning's market the company's stock dropped by more than 8%.

In the run-up to the release of this morning's report, analysts were expecting a loss from the company. By consensus the company was expected to lose about 2 cents per share. Excluding some costs the company actually managed to earn 8 cents per share, though it...