LAKE FOREST, Calif. (AP) _ Del Taco Restaurants Inc. (TACO) on Wednesday reported a fourth-quarter loss of $114.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Lake Forest, California-based company said it had a loss of $3.08. Earnings, adjusted for one-time gains and costs, were 18 cents per share.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 18 cents per share.
The restaurant chain posted revenue of $157.1 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $157.3 million.
For the year, the company reported a loss of $118.3 million, or $3.20 per share, swinging to a loss in the period. Revenue was reported as $513 million.
Del Taco expects full-year earnings in the range of 35 cents to 40 cents per share, with revenue in the range of $503 million to $513 million.
In the final minutes of trading on Wednesday, the company's shares hit $4.74. A year ago, they were trading at $10.25.