News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Shares of Shake Shack rose nearly 3% in extended trading on Monday, after the company reported second-quarter earnings that topped Wall Street's expectations and raised its revenue forecast for the year

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sounds like a hipster nightclub.

What about Steak and Shake?

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

KLA Corp. stock slips after earnings beat amid tech selloffKLA Corp. shares slipped in the extended session Monday after the semiconductor-equipment maker topped Wall Street earnings estimates for the quarter amid a...
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

'Hobbs & Shaw' lead current Box Office earnings with $60MThe big-budget 'Fast & Furious' spinoff, starring Dwayne Johnson and Jason Statham, is expected to be an even bigger draw overseas
Källa: trtworld - 🏆 101. / 63 Läs mer »