BJ's Beats Estimates While Horizon Reports Loss
BJ's Restaurants had a good quarter. The chain made more money than experts thought. They earned five point three million dollars. That is twenty four cents for each share. After removing one time costs, the profit was thirty three cents per share. Wall Street only expected fourteen cents.
Sales also came in strong. The company brought in three hundred fifty eight point six million dollars. Analysts had predicted three hundred forty four point six million. So they beat that target too. The stock might react positively.
Horizon Technology Finance had a different story. The lender lost twenty eight point two million dollars. That works out to a loss of forty three cents per share. But if you adjust for investment costs, they actually earned eighteen cents per share. Revenue was twenty four point one million.
These two reports show how varied earnings can be. One business serves diners and did well. The other provides loans to tech firms and struggled. Investors need to look beyond the headline numbers. Adjusted figures can tell a different tale.