Update: Texas Roadhouse Shares Rise After Fiscal Q1 Earnings, Revenue Increase

MT Newswires Live

05/09

(Updates with the latest stock move in the headline and the first paragraph.)

Texas Roadhouse (TXRH) shares were up 14% in Friday trading after the company posted higher Q1 earnings and revenue, and maintained its quarterly dividend late Thursday.

The company reported quarterly earnings of $1.87 per diluted share, up from $1.70 a year earlier.

Analysts polled by FactSet expected $1.80.

Revenue for the 13 weeks ended March 31 was $1.63 billion, up from $1.45 billion a year earlier.

Analysts surveyed by FactSet expected $1.64 billion.

The company maintained its quarterly dividend at $0.75 per share, payable June 30 to stockholders of record June 2.

Price: 179.81, Change: +21.88, Percent Change: +13.85

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