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Texas Roadhouse misses Street 4Q forecasts

LOUISVILLE, Ky. (AP) _ Texas Roadhouse Inc. (TXRH) on Tuesday reported fourth-quarter profit of $20.7 million.

On a per-share basis, the Louisville, Kentucky-based company said it had profit of 29 cents.

The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The restaurant chain posted revenue of $484.7 million in the period, also falling short of Street forecasts. Eight analysts surveyed by Zacks expected $496.6 million.

For the year, the company reported profit of $115.6 million, or $1.63 per share. Revenue was reported as $1.99 billion.

Texas Roadhouse shares have dropped almost 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $47.79, a rise of 29 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 TXRH at https://www.zacks.com/ap/TXRH


Keywords: Texas Roadhouse, Earnings Report