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RCI Hospitality Holdings Inc. Q1 adjusted earnings Beat Estimates

RCI Hospitality Holdings Inc. (RICK) released earnings for first quarter that dropped from last year.

The company's profit totaled $6.34 million, or $0.65 per share. This compares with $14.31 million, or $1.47 per share, in last year's first quarter.

Excluding items, RCI Hospitality Holdings Inc. reported adjusted earnings of $5.96 million or $0.61 per share for the period.

Analysts had expected the company to earn $0.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.8% to $44.02 million from $41.21 million last year.

RCI Hospitality Holdings Inc. earnings at a glance:

-Earnings (Q1): $5.96 Mln. vs. $5.18 Mln. last year.
-EPS (Q1): $0.61 vs. $0.53 last year.
-Analysts Estimate: $0.47
-Revenue (Q1): $44.02 Mln vs. $41.21 Mln last year.

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