GREENWOOD VILLAGE, Colo. (AP) _ Red Robin Gourmet Burgers Inc. (RRGB) on Tuesday reported a fourth-quarter loss of $8.8 million, after reporting a profit in the same period a year earlier.
The Greenwood Village, Colorado-based company said it had a loss of 68 cents per share. Earnings, adjusted for one-time gains and costs, were 35 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The casual restaurant chain posted revenue of $291.5 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $297.5 million.
For the year, the company reported profit of $11.7 million, or 87 cents per share. Revenue was reported as $1.3 billion.
Red Robin shares have fallen 16 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $47.50, a decrease of 24 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 RRGB at https://www.zacks.com/ap/RRGB
Keywords: Red Robin, Earnings Report