The Cheesecake Factory Incorporated Q2 Profit | Global Market News
(RTTNews) – The Cheesecake Factory Incorporated (CAKE) reported earnings for its second quarter that elevated from the identical period final 12 months and beat the Street estimates.
The company’s earnings totaled $52.444 million, or $1.08 per share. This compares with $42.675 million, or $0.87 per share, in final 12 months’s second quarter.
Excluding objects, The Cheesecake Factory Incorporated reported adjusted earnings of $53.153 million or $1.09 per share for the period.
Analysts on average had anticipated the company to earn $1.00 per share, in keeping with figures compiled by Thomson Reuters. Analysts’ estimates usually exclude particular objects.
The company’s income for the quarter rose 4.4% to $904.042 million from $866.170 million final 12 months.
The Cheesecake Factory Incorporated earnings at a look (GAAP) :
-Earnings (Q2): $52.444 Mln. vs. $42.675 Mln. final 12 months.
-EPS (Q2): $1.08 vs. $0.87 final 12 months.
-Revenue (Q2): $904.042 Mln vs. $866.170 Mln final 12 months.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
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