Ruby Tuesday Earnings: Investors Take a Bite Out of the Stock Price
Ruby Tuesday, Inc. (NYSE:RT) had a loss AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 7.94%.
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Ruby Tuesday, Inc. Earnings Cheat Sheet
Results: Net income decreased to a loss of $15.1 million, or a loss of 07 cents per diluted share, in the quarter versus a net loss of $2 million in the year-earlier quarter.
Revenue: Decreased 1.05% to $304.23 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Ruby Tuesday, Inc. reported adjusted net loss of .24 cent per share. It missed the average revenue estimate of $305.01 million.
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