Posted by: Market Watch in Market Information Three hours in the past Purple Robin Connoisseur Burgers Inc. shares have been down 5% in afte
Purple Robin Connoisseur Burgers Inc. shares have been down 5% in after-hours buying and selling Tuesday after the restaurant chain reported fiscal second-quarter outcomes that fell far wanting Wall Avenue estimates. Purple Robin executives blamed the shortfall on the closure of eating places through the pandemic. Purple Robin reported a web lack of $56.Three million, or $4.09 a share, versus web revenue of $981,000, or eight cents a share, within the year-ago quarter. Income slumped 48% to $161.1 million from $308 million a 12 months in the past. Analysts surveyed by FactSet had anticipated a lack of $3.27 a share on income of $166.6 million. Purple Robin shares are down 67% this 12 months. The broader S&P 500 index has improved 3% in 2020.Market Pulse Tales are Fast-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra info on this information.
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