(RTTNews) - The Cheesecake Factory Incorporated (CAKE) released earnings for third quarter that dropped from last year.
The company's bottom line totaled $16.09 million, or $0.36 per share. This compares with $28.48 million, or $0.61 per share, in last year's third quarter.
Excluding items, The Cheesecake Factory Incorporated reported adjusted earnings of $26.11 million or $0.59 per share for the period.
Analysts had expected the company to earn $0.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 2.0% to $586.54 million from $575.16 million last year.
The Cheesecake Factory Incorporated earnings at a glance:
-Earnings (Q3): $26.11 Mln. vs. $29.82 Mln. last year. -EPS (Q3): $0.59 vs. $0.64 last year. -Analysts Estimate: $0.55 -Revenue (Q3): $586.54 Mln vs. $575.16 Mln last year.
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