Wednesday, Ruby Tuesday Inc. (RT) reported second-quarter net income of $0.4 million or $0.01 per share, compared to a loss of $37.4 million or $0.73 per share in the same quarter last year.
On average, eight analysts polled by Thomson Reuters expected the company to report a loss of $0.02 per share for the quarter. Analysts' estimates typically exclude special items.
Year ago results included pretax charges of $56.1 million or $0.71 per share after tax for restructuring the company's property portfolio and the write-off of its goodwill.
Total revenue for the quarter was $273.5 million, compared to $289.8 million in the comparable quarter last year. Analysts expected the company to report revenue of $267.37 million for the quarter.
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