Why Is Cheesecake Factory (CAKE) Stock Trending Overnight?
Cheesecake Factory shares surged 3.47% after hours after second-quarter revenue and earnings topped analyst expectations.
Cheesecake Factory made more money than people expected in the last three months, so more investors got excited about buying its stock. When a company does better than expected, it's a sign the business might be running well.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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