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Habit Restaurants tops Street 1Q forecasts

IRVINE, Calif. (AP) _ Habit Restaurants Inc. (HABT) on Wednesday reported first-quarter profit of $1.8 million.

On a per-share basis, the Irvine, California-based company said it had net income of 9 cents.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The operator of fast casual burger restaurants posted revenue of $78.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $78.4 million.

Habit Restaurants shares have risen almost 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.90, an increase of 11 percent in the last 12 months.

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

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Keywords: Habit Restaurants, Earnings Report