LOUISVILLE, Ky. (AP) _ Texas Roadhouse Inc. (TXRH) on Monday reported first-quarter earnings of $34.3 million.
On a per-share basis, the Louisville, Kentucky-based company said it had profit of 48 cents. Earnings, adjusted for non-recurring costs, were 61 cents per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The restaurant chain posted revenue of $567.7 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $561.5 million.
Texas Roadhouse shares have dropped nearly 5 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $45.98, an increase of 13 percent in the last 12 months.
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