Ignite Restaurant Group, Inc. (IRG) posted fourth-quarter net loss of $7.6 million or $0.30 per share, wider than $1.0 million or $0.05 per share in the comparable quarter last year.
Adjusted net loss for the latest fourth quarter was $3.9 million or $0.15 per share. On average, six analysts polled by Thomson Reuters expected the company to report a loss of $0.14 per share. Analysts' estimates typically exclude special items.
Revenues for the quarter were $112.60 million, compared to $101.39 million in the year-ago period, while six analysts estimated revenues of $112.51 million for the quarter.
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