Wendy’s Co. WEN shares rose by 1.2% Wednesday morning in premarket trade after the fast food chain announced first-quarter results which exceeded expectations and maintained its outlook for the full year. The net income increased to $39.8 millions, or 19 cents per share, from the $37.4million, or 17cents per share, of the previous period. The adjusted earnings per share, which excludes nonrecurring items and is 21 cents, exceeded the FactSet consensus estimate of 20 cents. The total revenue increased 8.2%, to $528.8 millions, exceeding the FactSet consensus estimate of $522.4million. This was due to an increase in sales at company-operated restaurant, franchise royalties, and advertising fund revenue.