Cheesecake Factory: Q2 Earnings Snapshot

CALABASAS HILLS, Calif. (AP) — CALABASAS HILLS, Calif. (AP) — The Cheesecake Factory Inc. (CAKE) on Tuesday reported second-quarter profit of $68.4 million.

The Calabasas Hills, California-based company said it had net income of $1.41 per share. Earnings, adjusted for one-time gains and costs, were $1.44 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.

The restaurant chain posted revenue of $1.03 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $998.7 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAKE at https://www.zacks.com/ap/CAKE