Shares of Habit Restaurants Inc. rallied in Wednesday’s extended session after the hamburger chain posted quarterly earnings in line with expectations even though it fell short on the revenue target. Habit reported it swung to a fourth-quarter loss of $6.2 million, or 30 cents a share, from a profit of $1.32 million, or 7 cents a share, a year earlier. It cited the recently enacted tax cuts for its quarterly loss. On an adjusted basis, the company would have reported it broke even. Revenue rose to $85.1 million versus $73.9 million a year ago while comparable sales fell 1% from the fourth quarter of 2016. Analysts surveyed by FactSet had forecast Habit to break even on revenue of $85.6 million. The company projected revenue in the range of $389 million to $393 million and same-store sales of “flat to slightly positive” for 2018. Analysts are forecasting, on average, revenue of $389.3 million. Habit shares rose 5.8% after hours.
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