NEW YORK (AP) — NEW YORK (AP) — Shake Shack Inc. (SHAK) on Thursday reported second-quarter net income of $6.9 million.
On a per-share basis, the New York-based company said it had profit of 16 cents. Earnings, adjusted for non-recurring costs, were 18 cents per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The burger chain posted revenue of $271.8 million in the period, falling short of Street forecasts. Eleven analysts surveyed by Zacks expected $274.4 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHAK at https://www.zacks.com/ap/SHAK