The Cheesecake Factory Incorporated Reports 23% Advance In Q3 Profit

(RTTNews) - The Cheesecake Factory Incorporated (CAKE) reported earnings for its third quarter that advanced from last year.

The company said its bottom line came in at $29.78 million, or $0.59 per share. This was higher than $24.22 million, or $0.48 per share, in last year's third quarter.

Analysts had expected the company to earn $0.56 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.5% to $526.69 million. This was up from $499.11 million last year.

The Cheesecake Factory Incorporated earnings at a glance:

-Earnings (Q3): $29.78 Mln. vs. $24.22 Mln. last year. -Earnings Growth (Y-o-Y): 23.0% -EPS (Q3): $0.59 vs. $0.48 last year. -EPS Growth (Y-o-Y): 22.9% -Analysts Estimate: $0.56 -Revenue (Q3): $526.69 Mln vs. $499.11 Mln last year. -Revenue Change (Y-o-Y): 5.5%