RCI Hospitality Holdings Swings To Q4 Profit, Shares Up 10%

Shares of RCI Hospitality Holdings, Inc. (RICK) gained nearly 10% in extended session on Tuesday after the company posted a profit for the fourth quarter, as revenues nearly doubled.

RCI's net income for the fourth quarter was $2.3 million or $0.26 per share compared to net loss of $2.8 million or $0.31 per share last year.

Revenues for the quarter surged to $54.9 million from $28.8 million last year.

RICK closed Tuesday's trading at $62.76, up $0.87 or 1.41%, on the Nasdaq. The stock further gained $6.24 or 9.94% in the after-hours trading.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Deutsche Post DHL Group were gaining around 6 percent in the morning trading in Germany after the package delivery and logistic major reported Friday higher profit and revenues in its second quarter with strong demand. Going ahead, the company confirmed its 2022 EBIT guidance of 8.0 billion euros, plus or minus 5 percent, even in consideration of a possible global economic downturn. Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday net income for the first quarter halved from last year, hurt by a 1 decline in revenues and a decrease in the market prices of its equity investments in publicly-traded companies. Shares of Deutsche Lufthansa AG were gaining around 6 percent in the morning trading after the German flag carrier reported Thursday a profit in its second quarter, compared to last year's loss, benefited by surge in demand. The company also specified its outlook for the year, and now expects adjusted EBIT to be above 500 million euros for the full year of 2022, in line with current market.
Follow RTT