Wingstop Shares Rise 16% After Third-Quarter Profit Beat
Wingstop shares gained 16% to $2.83 on Wednesday after adjusted third-quarter profit exceeded Wall Street estimates. Shares had initially fallen in pre-market trading and remain down about 40% this year.
By Katherine HamiltonWingstop shares surged after the company's third-quarter results came in better than expected, with adjusted profit beating Wall Street estimates.The stock gained 16% to $2.83 on Wednesday, after initially falling in pre-market trading. Shares are still down about 40% this year…