Red Robin: 3Q Earnings Snapshot
GREENWOOD VILLAGE, Colo. (AP) _ Red Robin Gourmet Burgers Inc. (RRGB) on Tuesday reported third-quarter earnings of $1.7 million.
The Greenwood Village, Colorado-based company said it had profit of 13 cents per share. Earnings, adjusted for non-recurring costs, were 16 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The casual restaurant chain posted revenue of $294.9 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $304.6 million.
Red Robin expects full-year earnings to be $1.60 to $1.80 per share.
Red Robin shares have dropped 42 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $32.98, a decline of 51 percent in the last 12 months.