AP NEWS

Carrols Restaurant: 2Q Earnings Snapshot

August 7, 2018

SYRACUSE, N.Y. (AP) _ Carrols Restaurant Group Inc. (TAST) on Tuesday reported second-quarter profit of $7.8 million.

On a per-share basis, the Syracuse, New York-based company said it had net income of 17 cents. Earnings, adjusted for one-time gains and costs, were 22 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The restaurant operator posted revenue of $303.1 million in the period.

Carrols Restaurant expects full-year revenue in the range of $1.16 billion to $1.18 billion.

Carrols Restaurant shares have climbed 21 percent since the beginning of the year. The stock has risen 18 percent in the last 12 months.

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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

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