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Carrols Restaurant: 1Q Earnings Snapshot

May 7, 2020 GMT

SYRACUSE, N.Y. (AP) _ Carrols Restaurant Group Inc. (TAST) on Thursday reported a loss of $22.2 million in its first quarter.

On a per-share basis, the Syracuse, New York-based company said it had a loss of 44 cents. Losses, adjusted for one-time gains and costs, came to 38 cents per share.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 38 cents per share.

The restaurant operator posted revenue of $351.5 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $362.9 million.

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The company’s shares closed at $3.01. A year ago, they were trading at $10.50.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TAST at https://www.zacks.com/ap/TAST