UPDATE: O'Charley's Swings To Profit In First Quarter

O'Charley's Inc CHUX swung to a first-quarter profit, from a loss in the year-ago period. O'Charley's reported its quarterly earnings at $1.9 million, or $0.09 per share, versus a loss of $1.6 million, or $0.08 per share, in the year-ago period. Its revenue dropped to $265 million. However, analysts were expecting earnings of $0.05 per share on revenue of $261.38 million. The company projects Q2 total revenue of $190 to $195 million, versus analysts' estimates of $188.2 million. CHUX shares fell 1.21% to close at $6.54 yesterday. Read more from Benzinga's Company news.