AUSTIN, Texas — Chuy’s Holdings Inc. (CHUY) on Thursday reported a first-quarter loss of $12.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Austin, Texas-based company said it had a loss of 75 cents. Earnings, adjusted for asset impairment costs, came to 1 cent per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The restaurant operator posted revenue of $94.5 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $93.8 million.
Chuy’s shares have declined 38% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.20, a decrease of 30% 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 CHUY at https://www.zacks.com/ap/CHUY