Shares of Kura Sushi USA Inc.
shot up 17.4% toward a record high in afternoon trading Friday, after the Japanese restaurant chain reported a fiscal third-quarter profit that more than tripled and beat expectations by a wide margin. The California-based company, which went public in August 2019, reported late Thursday net income for the quarter to May 31 that rose to $1.68 million, or 16 cents a share, from $477 million, or 5 cents a share, in the year ago period.
shot up 17.4% toward a record high in afternoon trading Friday, after the Japanese restaurant chain reported a fiscal third-quarter profit that more than tripled and beat expectations by a wide margin. The California-based company, which went public in August 2019, reported late Thursday net income for the quarter to May 31 that rose to $1.68 million, or 16 cents a share, from $477 million, or 5 cents a share, in the year ago period.