Hot sectors in a tepid recovery
The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010. Full Article | Full Coverage
UPDATE 1-Texas Roadhouse Q3 earnings rise, shares jump
(Recasts, adds details, share movement)
Oct 29 (Reuters) - Restaurant chain operator Texas Roadhouse Inc (TXRH.O) reported a 15 percent jump in quarterly earnings, which beat Wall Street's view, even as U.S. restaurant companies have struggled this year with soaring food costs and fewer customers.
Shares of the company jumped more than 11 percent to $12 in late electronic trade, after closing at $10.78 Monday on the Nasdaq.
The company posted third-quarter earnings of $10.6 million, or 14 cents a share, compared with $9.2 million, or 12 cents a share, last year.
Total revenue rose to $189.5 million from $148.5 million last year.
Analysts on average expected the company to earn 13 cents a share, before items, on revenue of $189.3 million for the quarter, according to Reuters Estimates.
Comparable-restaurant sales increased 2.5 percent at company restaurants and 2 percent at franchise restaurants during the quarter, Texas Roadhouse added. (Reporting by Swagata Gupta in Bangalore)
