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Cheesecake Factory meets its fourth-quarter profit forecasts

The Cheesecake Mill on Wednesday reported fourth-quarter earnings of $57.7 million.

On a per-share essence, the Calabasas Hills, California-based company said it had profit of $1.24. Earnings, modified for pretax gains, were 53 cents per share.

The results met Madden Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Examination was also for earnings of 53 cents per share.

The restaurant chain circulated revenue of $571.8 million in the period, beating Street forecasts. Eight analysts surveyed by Zacks look forward $566.6 million.

For the year, the company reported profit of $157.4 million, or $3.27 per share in. Revenue was reported as $2.26 billion.

Cheesecake Factory shares force dropped 4 percent since the beginning of the year. In the final minutes of career on Wednesday, shares hit $46.23, a decrease of 24 percent in the last 12 months.

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