Shake Shack stock soars after reporting earnings beat, raising revenue forecast

Shake Shack's fiscal second-quarter earnings beats what analysts were expecting.

The stock, which has gained more than 60% so far this year, surged as much as 6% after the bell before backing off its highs. Recently, shares were up nearly 3%. The company has a market value of $2.7 billion. Excluding items, Shake Shack earned 27 cents a share, topping the 23 cents a share expected by analysts surveyed by Refinitiv.

Sounds like a hipster nightclub.

What about Steak and Shake?

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