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Earnings Roundup

Burger King says profit rises 15%

April 30, 2009|TIMES WIRE REPORTS

Burger King Holdings Inc. said the swine flu outbreak in Mexico will probably cut into its sales for the year, leading the chain to cut its outlook after reporting a 15% rise in its fiscal third-quarter profit.

The nation's No. 2 hamburger chain had to close dining rooms in all 118 of its Mexico City-area stores.

Burger King earned $47 million, or 34 cents a share, matching the expectations of analysts polled by Thomson Reuters. Last year profit totaled $41 million, or 30 cents a share. Revenue rose 1% to $600 million.

Shares fell 56 cents, or 3.3%, to $16.55, a 52-week low.

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