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Burger King parent’s earnings top estimates, fueled by digital sales growth

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A Burger King restaurant seen in Milton, Pennsylvania.
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Restaurant Brands International on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations as digital orders made up nearly a third of the company’s global sales.

Shares of the company were flat in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

Earnings per share: 74 cents adjusted vs. 70 cents expectedRevenue: $1.55 billion vs. $1.5 billion expected

The restaurant company reported fourth-quarter net income of $261 million, or 57 cents per share, up from $138 million, or 30 cents per share, a year earlier.

Excluding items, Restaurant Brands earned 74 cents per share, beating the 70 cents per share expected by analysts surveyed by Refinitiv.

Net sales rose 14% to $1.55 billion, topping expectations of $1.5 billion.

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