U.S. Markets closed

BJ's Restaurants beats Street 4Q forecasts

HUNTINGTON BEACH, Calif. (AP) _ BJ's Restaurants Inc. (BJRI) on Thursday reported fourth-quarter net income of $12.9 million.

The Huntington Beach, California-based company said it had profit of 55 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The restaurant chain posted revenue of $265.6 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $264.7 million.

For the year, the company reported profit of $45.6 million, or $1.88 per share. Revenue was reported as $993.1 million.

BJ's Restaurants shares have fallen slightly more than 9 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $35.65, a fall of 20 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


Keywords: BJ's Restaurants, Earnings Report