Carrols Restaurant: 1Q Earnings Snapshot
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.
The company’s shares closed at $3.01. A year ago, they were trading at $10.50.