CHICAGO (AP) _ Potbelly Corp. (PBPB) on Tuesday reported a loss of $18.4 million in its first quarter.
The Chicago-based company said it had a loss of 76 cents per share. Losses, adjusted for pretax expenses and asset impairment costs, were 12 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The sandwich restaurant operator posted revenue of $98.1 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $101.8 million.
Potbelly shares have climbed 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.63, a decrease of 30% 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 PBPB at https://www.zacks.com/ap/PBPB