Habit Restaurants: 2Q Earnings Snapshot
Aug. 01, 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.