Red Robin Gourmet Burgers Q3 Earnings Drop 46%

(RTTNews) - Red Robin Gourmet Burgers (RRGB) announced a profit for third quarter that dropped compared to the same period last year.

The company said its earnings declined to $2.71 million, or $0.21 per share. This was down from $5.03 million, or $0.38 per share, in last year's third quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.3% to $304.25 million. This was up from $297.31 million last year.

Red Robin Gourmet Burgers earnings at a glance:

-Earnings (Q3): $2.71 Mln. vs. $5.03 Mln. last year. -Earnings Decline (Y-o-Y): -46.1% -EPS (Q3): $0.21 vs. $0.38 last year. -EPS Decline (Y-o-Y): -44.7% -Analysts Estimate: $0.29 -Revenue (Q3): $304.25 Mln vs. $297.31 Mln last year. -Revenue Change (Y-o-Y): 2.3%