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Ruth's Hospitality: 2Q Earnings Snapshot

Ruth's Hospitality: 2Q Earnings Snapshot

Associated Press

WINTER PARK, Fla. (AP) _ Ruth's Hospitality Group Inc. (RUTH) on Friday reported second-quarter profit of $9.6 million.

On a per-share basis, the Winter Park, Florida-based company said it had net income of 32 cents.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The restaurant chain posted revenue of $109.6 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $111.7 million.

Ruth's Hospitality shares have increased 33 percent since the beginning of the year. The stock has climbed 47 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RUTH at https://www.zacks.com/ap/RUTH