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Actionable news in CAKE: The Cheesecake Factory Incorporated,

Cheesecake Factory (CAKE) Stock Spikes in After-Hours Trading on Q3 Beat

NEW YORK (TheStreet) -- Shares of Cheesecake Factory (CAKE) were jumping 8.41% to $53.25 in after-hours trading on Wednesday after the company posted better-than-anticipated results for the 2016 third quarter.

After today's closing bell, the Calabasas Hills, CA-based restaurant chain reported adjusted earnings of 70 cents per diluted share, surpassing analysts' estimates of 61 cents per share.

Revenue of $560.0 million topped Wall Street's projections of $557.8 million.

Same-store sales rose 1.7% over last year. Analysts were...


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