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Stock in the Cheesecake Factory Inc. fell by double digits Wednesday after the Calabasas-based restaurant chain released second-quarter results that beat analysts’ expectations. The company said its cost of sales inflation is expected to be 3 percent in the last half of the year, which some analysts cited for the drop in stock prices. Also, it anticipates greater expenses in business reinvestment. Earnings for the quarter ended June 29 were $17 million, up from a loss of $70 million in last year’s second quarter. On a per share basis, adjusted earnings in the second quarter were 80 cents, which beat analysts’ expectations by 5 cents. In last year’s second quarter, earnings per share were a negative 90 cents.

United statesMatt clarkDavid overtonCheesecake factoryCheesecake factory incஒன்றுபட்டது மாநிலங்களில்மேட் கிளார்க்டேவிட் ஒவர்‌டந்சீஸ்கேக் தொழிற்சாலைசீஸ்கேக் தொழிற்சாலை இன்க்