U.S. Markets close in 6 hrs 24 mins

BJ's Restaurants: 1Q Earnings Snapshot

HUNTINGTON BEACH, Calif. (AP) _ BJ's Restaurants Inc. (BJRI) on Thursday reported first-quarter profit of $14.7 million.

On a per-share basis, the Huntington Beach, California-based company said it had net income of 70 cents. Earnings, adjusted for pretax gains, came to 67 cents per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

The restaurant chain posted revenue of $278.5 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $274.5 million.

BJ's Restaurants shares have climbed 36 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $49.55, an increase of 14 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BJRI at https://www.zacks.com/ap/BJRI