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Del Taco: 1Q Earnings Snapshot

LAKE FOREST, Calif. (AP) _ Del Taco Restaurants Inc. (TACO) on Monday reported first-quarter profit of $1.4 million.

On a per-share basis, the Lake Forest, California-based company said it had net income of 4 cents.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The restaurant chain posted revenue of $114.2 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $114.6 million.

Del Taco shares have climbed 17% since the beginning of the year. In the final minutes of trading on Monday, shares hit $11.71, a climb of 5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TACO at https://www.zacks.com/ap/TACO