Chuy’s Holdings sees profit in 4th quarter

Chuy’s Holdings Inc. on Thursday reported fourth quarter net income of $1.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Austin-based company said it had profit of 9 cents. Earnings, adjusted for asset impairment costs, were 19 cents per share.

The results topped Wall Street expectations.

The restaurant operator posted revenue of $78.7 million in the period, which also topped Street forecasts. Chuy’s shares have increased 50 percent since the beginning of the year.