GREENWOOD VILLAGE, Colo. (AP) _ Red Robin Gourmet Burgers Inc. (RRGB) on Thursday reported fourth-quarter net income of $8.8 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Greenwood Village, Colorado-based company said it had net income of 68 cents. Earnings, adjusted for one-time gains and costs, came to 78 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.
The casual restaurant chain posted revenue of $342.4 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $331 million.
For the year, the company reported profit of $30 million, or $2.31 per share. Revenue was reported as $1.38 billion.
For the current quarter ending in April, Red Robin expects its per-share earnings to range from 60 cents to 80 cents.
The company expects full-year earnings in the range of $2.40 to $2.80 per share.
Red Robin shares have decreased roughly 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $53.15, a rise of 6.5 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 RRGB at https://www.zacks.com/ap/RRGB
Automated Insights, source Associated Press News