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Benzinga
Benzinga
Business
Adam Eckert

EXPLAINED: Why shake shack shares are falling today | Rare Historical Photos

SHAK Shake Shack Shack NYSE

Shake Shack Inc (NYSE:SHAK) is trading lower Friday morning after the company announced its fourth-quarter financial results and issued guidance below estimates. 

Shake Shack said quarterly revenue increased 29% year-over-year to $203.3 million, which beat the $202.67 million estimate. The company reported an adjusted earnings loss of 11 cents per share, which beat the estimate for a loss of 17 cents per share. 

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