The Cheesecake Factory Incorporated Q2 Profit Increases, Beats Estimates

(RTTNews) - The Cheesecake Factory Incorporated (CAKE) revealed earnings for its second quarter that Increased from last year and beat the Street estimates.

The company's bottom line came in at $54.81 million, or $1.14 per share. This compares with $52.44 million, or $1.08 per share, last year.

Excluding items, The Cheesecake Factory Incorporated reported adjusted earnings of $55.73 million or $1.16 per share for the period.

Analysts on average had expected the company to earn $1.06 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 5.7% to $955.83 million from $904.04 million last year.

The Cheesecake Factory Incorporated earnings at a glance (GAAP) :

-Earnings: $54.81 Mln. vs. $52.44 Mln. last year. -EPS: $1.14 vs. $1.08 last year. -Revenue: $955.83 Mln vs. $904.04 Mln last year.