The Cheesecake Factory Incorporated Q3 Profit Increases, Beats Estimates

(RTTNews) - The Cheesecake Factory Incorporated (CAKE) reported a profit for its third quarter that Increased from last year and beat the Street estimates.

The company's earnings totaled $31.90 million, or $0.66 per share. This compares with $29.99 million, or $0.61 per share, last year.

Excluding items, The Cheesecake Factory Incorporated reported adjusted earnings of $33.21 million or $0.68 per share for the period.

Analysts on average had expected the company to earn $0.60 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 4.8% to $907.23 million from $865.47 million last year.

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

-Earnings: $31.90 Mln. vs. $29.99 Mln. last year. -EPS: $0.66 vs. $0.61 last year. -Revenue: $907.23 Mln vs. $865.47 Mln last year.