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Habit Restaurants: 2Q Earnings Snapshot

August 1, 2018

IRVINE, Calif. (AP) _ Habit Restaurants Inc. (HABT) on Wednesday reported second-quarter profit of $2.1 million.

On a per-share basis, the Irvine, California-based company said it had profit of 10 cents. Earnings, adjusted for one-time items, came to 8 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The operator of fast casual burger restaurants posted revenue of $102.9 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $99.7 million.

Habit Restaurants expects full-year revenue in the range of $393 million to $396 million.

Habit Restaurants shares have increased 30 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.45, a decrease of 21 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HABT at https://www.zacks.com/ap/HABT

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