Rick’s Cabaret International Inc. (NASDAQ:RICK) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Rick’s Cabaret International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 9.52% to $0.23 in the quarter versus EPS of $0.21 in the year-earlier quarter.
Revenue: Rose 18.31% to $28.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Rick’s Cabaret International Inc. reported adjusted EPS income of $0.23 per share. By that measure, the company missed the mean analyst estimate of $0.26. It beat the average revenue estimate of $28.01 million.
Key Stats (on next page)…