Ruby Tuesday rises as Q3 earnings impress
Shares of Ruby Tuesday Inc. (NYSE:RT) are higher on news after the close on Wednesday that the casual dining restaurant chain reported third-quarter earnings that beat expectations. The Maryville, Tenn.-based company said that net income for the three months ended March 4 was $11.7 million, or $0.23 per share, while analysts were calling for $0.18 per share.
However, profit was $28.7 million, or $0.49 per share, a year earlier.
At 11:01 p.m. ET, the stock had added $0.38, or 5%, to $8.26. For detailed price information and recent news stories about Ruby Tuesday, click RT.
