LOUISVILLE, Ky. (AP) _ Texas Roadhouse Inc. (TXRH) on Monday reported first-quarter net income of $16 million.

The Louisville, Kentucky-based company said it had net income of 23 cents per share.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The restaurant chain posted revenue of $652.5 million in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $663.6 million.

Texas Roadhouse shares have fallen 18% since the beginning of the year. In the final minutes of trading on Monday, shares hit $46.03, a drop of 13% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TXRH at https://www.zacks.com/ap/TXRH

Automated Insights, source Associated Press News