Burger King Reports Loss; Shares Fall 13.2%
From the Associated Press
Shares of Burger King Holdings Inc. plunged to their lowest level since the company’s initial public offering after the world’s No. 2 hamburger chain posted a fiscal fourth-quarter loss in its first earnings report since going public.
The Miami-based company said the results were hurt by a $30-million management termination fee related to its May IPO.
The loss for the quarter totaled $9 million, or 7 cents a share. Burger King shares fell $2.01, or 13.2%, to $13.24.
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