NewzDALLAS (AP) — DALLAS (AP) — Wingstop Inc. (WING) on Wednesday reported second-quarter profit of $31.3 million. On a per-share basis, the Dallas-based company said it had net income of $1.15.
Earnings, adjusted for non-recurring costs, came to $1.18 per share. The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The restaurant chain posted revenue of $185.6 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $190.1 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Access a Zacks stock report on WING at https://www.zacks.com/ap/WING Source (SYBT) on Wednesday reported second-quarter net income of $40.1 million. The bank, based in Louisville, Kentucky, said it had earnings of $1.31 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share. The holding company for Stock Yards Bank & Trust Co.
posted revenue of $155.1 million in the period. Its revenue net of interest expense was $114.7 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $111.3 million.
Summary from source