Shake Shack Rallies On Upbeat Q4 Results Above View

From Nasdaq Corporate Solutions:

Shares of Shake Shack Inc. (SHAK) are up over 20% after reporting better-than-expected earnings for the fourth quarter. The company reported a profit of $6.77 million, or $0.15 per share, compared to a loss of $7.76 million, or $0.20 per share, a year ago. Excluding special items, earnings were $1.0 million, or $0.02 per share, beating the consensus estimate of $0.01 per share. Total revenue was $286.24 million, up 20.0% from last year, surpassing the consensus estimate of $280.26 million. SHAK is currently trading at $91.92, reaching a new high of $95.71.



Read more: Shake Shack Rallies On Upbeat Q4 Results Above View