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Burger King/Tim Hortons parent reports smaller quarterly loss

Restaurant Brands International, the company formed out of Burger King's takeover of Canadian coffee and doughnut chain Tim Hortons last year, said its loss narrowed in the first quarter compared with the fourth quarter of 2014.

Shares of Restaurant Brands were higher in premarket trading following the announcement. (Get the latest quote here.)

The company posted a net loss attributable to shareholders of $8.1 million, or 4 cents per share, for the three months ended March 31, compared with a loss of $514.2 million, or $2.52 per share, in the fourth quarter.

Revenue more than doubled to $932 million.

Analysts had expected the company to report earnings of 17 cents a share on $944 million in revenue, according to a consensus estimate from Thomson Reuters.

In mid-December, Restaurants Brands International completed a deal to join Tim Hortons and Burger King into one company. Its report on Monday is an update on its first full quarter with the two brands combined.

Analysts expected Burger King same-store sales to rise 2.5 percent and comps to tick 3.5 percent higher at Tim Hortons, according to a Consensus Metrix estimate.

—CNBC contributed to this report.