The Cheesecake Factory Inc. on Wednesday reported first-quarter earnings that beat expectations. The Calabasas restaurant company said it had net income of $34 million or 68 cents a share. Analysts anticipated earnings of 60 cents. However, the restaurant chain missed a bit on the top line. It posted revenue of $554 million in the period; analysts expected $556 million. Earnings were released after the markets closed. The company’s stock on Wednesday closed down 17 cents, less than 1 percent, to $51.31.
Cheesecake Factory Beats the Street