HUNTINGTON BEACH, Calif. (AP) — HUNTINGTON BEACH, Calif. (AP) — BJ’s Restaurants Inc. (BJRI) on Thursday reported third-quarter net income of $465,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Huntington Beach, California-based company said it had profit of 2 cents. Earnings, adjusted for one-time gains and costs, came to 4 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The restaurant chain posted revenue of $330.2 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $335.6 million.
BJ’s Restaurants shares have dropped 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.50, a drop of 24% in the last 12 months.
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