Investing.com - The Cheesecake reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
The Cheesecake announced earnings per share of $-0.03 on revenue of $784M. Analysts polled by Investing.com anticipated EPS of $0.27 on revenue of $799.28M.
The Cheesecake shares are down 58% from the beginning of the year , still down 27.64% from its 52 week high of $47.17 set on Monday, November 8, 2021.
The Cheesecake shares lost 9.17% in after-hours trade the report.
The Cheesecake follows other major Consumer Discretionary sector earnings this month
The Cheesecake's report follows an earnings beat by Amazon.com on Thursday, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
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