Del Taco: 4Q Earnings Snapshot

LAKE FOREST, Calif. (AP) _ Del Taco Restaurants Inc. (TACO) on Monday reported fourth-quarter profit of $5.6 million.

On a per-share basis, the Lake Forest, California-based company said it had profit of 15 cents. Earnings, adjusted for one-time gains and costs, were 18 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 18 cents per share.

The restaurant chain posted revenue of $157.3 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $156.9 million.

Del Taco expects full-year earnings in the range of 47 cents to 52 cents per share, with revenue in the range of $517 million to $527 million.

Del Taco shares have increased almost 6 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.57, a decrease of 3.5 percent 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