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Southlake Style

Del Frisco's Reports $1.8 Million 3Q Profit

Oct 21, 2014 08:41AM ● By Kevin

Pictured Left: Del Frisco's Restaurant Group CEO Mark Mednansky.

According to a report last week by the Associated Press, Del Frisco's beat its third-quarter net income expectations. The restaurant group, based out of Southlake, reported a 3Q profit of $1.8 million, or 8 cents per share.

"The results surpassed Wall Street expectations," according to the Associated Press. "The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share"

The report goes on to say they posted revenue of $61.9 million for the period, which was just below Wall Street's estimated $62 million.

"
Del Frisco's expects full-year earnings to be 90 cents to 94 cents per share," the AP said.

Shares have dropped 17 percent since the beginning of the year. The stock has risen 6 percent in the last 12 months.

This story was generated automatically by Automated Insights using data from Zacks Investment Research. Full Zacks research report: DFRG - Source: CNBC and the Associated Press