Shake Shack stock surges 20% on fourth-quarter profit, strong 2024 outlook

With Thursday morning's gains, the stock reached a new 52-week high of $95.80 and is up more than 50% in the last twelve months.Here's how the company performed during the period, compared with estimates from LSEG, formerly known as Refinitiv:Earnings per share: 2 cents vs. 1 cent expectedRevenue: $286.2 million vs. $280.3 million expectedFor the last three months of 2023, Shake Shack reported a net income of $6.8 million, up from a loss of 8.1 million the year prior. Earnings per share increased to a 15-ce ...