AP NEWS

Carrols Restaurant: 3Q Earnings Snapshot

November 6, 2018

SYRACUSE, N.Y. (AP) _ Carrols Restaurant Group Inc. (TAST) on Tuesday reported third-quarter net income of $3.6 million.

The Syracuse, New York-based company said it had net income of 8 cents per share. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 9 cents per share.

The restaurant operator posted revenue of $296.9 million in the period.

Carrols Restaurant expects full-year revenue in the range of $1.17 billion to $1.18 billion.

Carrols Restaurant shares have increased almost 7 percent since the beginning of the year. The stock has increased 19 percent 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 TAST at https://www.zacks.com/ap/TAST

AP RADIO
Update hourly