- Wingstop beats Street 1Q forecasts
DALLAS (AP) _ Wingstop Inc. (WING) on Thursday reported first-quarter earnings of $6.5 million.
On a per-share basis, the Dallas-based company said it had profit of 22 cents.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The restaurant chain posted revenue of $26.6 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $24 million.
Wingstop shares have dropped 2 percent since the beginning of the year. The stock has climbed 13 percent in the last 12 months.
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