Carrols Restaurant: 3Q Earnings Snapshot
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.