10:19 AM EDT, 10/31/2024 (MT Newswires) -- Wendy's (WEN) shares were down 3.6% in recent Thursday trading after the company posted lower Q3 adjusted earnings.

The fast food restaurant chain earlier reported Q3 adjusted earnings of $0.25 per share, down from $0.27 a year earlier.

Analysts polled by Capital IQ expected $0.25.

Revenue for the quarter ended Sept. 29 was $566.7 million, up from $550.6 million a year ago.

Analysts surveyed by Capital IQ expected $560 million.

The company said it now expects full-year 2024 adjusted EPS of $0.99 to $1.01, compared with its prior guidance of between $0.98 and $1.02. Analysts polled by Capital IQ expect $0.99.

Wendy's maintained its quarterly cash dividend of $0.25 per share, payable Dec. 16 to stockholders of record as of Dec. 2.

Price: 19.58, Change: -0.73, Percent Change: -3.59