NEW YORK (AP) — NEW YORK (AP) — Shake Shack Inc. (SHAK) on Thursday reported third-quarter earnings of $16.5 million.

On a per-share basis, the New York-based company said it had net income of 39 cents. Earnings, adjusted for non-recurring costs, came to 40 cents per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The burger chain posted revenue of $423.3 million in the period, falling short of Street forecasts. Eleven analysts surveyed by Zacks expected $425.6 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHAK at https://www.zacks.com/ap/SHAK