💨 Abstract

The Cheesecake Factory Inc. reported first-quarter net income of $32.9 million, beating Wall Street expectations. The Calabasas Hills, California-based restaurant chain had earnings of 93 cents per share and revenue of $927.2 million. Shares have increased 6% since the beginning of the year and hit $50.37 in the last 12 months.

Courtesy: wtop.com