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updated: 2/15/2013 7:51 AM

Burger King 4Q results top analysts' estimates

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Associated Press

MIAMI -- Burger King's fourth-quarter net income nearly doubled thanks in part to lower expenses and strengthening results in the U.S. and Canada.

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Its adjusted earnings and revenue topped Wall Street's expectations.

For the three months ended Dec. 31, the hamburger chain earned $48.6 million, or 14 cents per share. That compares with $25 million, or 7 cents per share, a year earlier.

Removing realignment project costs and other items, earnings were 23 cents per share. Analysts expected 15 cents per share.

Revenue fell 30 percent to $404.5 million from $580.6 million. Analysts forecast revenue of $375.3 million.

The Miami company also said Friday that a key revenue metric climbed 2.7 percent.

Burger King Worldwide Inc. has more than 12,900 locations in 86 countries and territories.

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