Ruby Tuesday Posts Q1 Loss, Misses Street; Shares Fall 6%

(RTTNews) - Restaurant operator Ruby Tuesday Inc (RT), Thursday reported first-quarter net loss of $4.2 million or $0.07 per share, compared to net income of $2.6 million or $0.04 per share last year.

Adjusted loss for the quarter were $0.03 per share, compared to adjusted earnings of $0.01 per share last year.

Revenues for the quarter dropped to $279.5 million from $281.2 million last year.

Analysts polled by Thomson Reuters estimated a profit of $0.05 per share on revenues of $278.98 million for the quarter. Analysts' estimates typically exclude special items.

Ruby Tuesday's stock dropped over 6 percent in the after-hours trading.