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Ruby Tuesday 4th-qtr profit misses Wall Street view
July 25, 2012 / 8:25 PM / 5 years ago

Ruby Tuesday 4th-qtr profit misses Wall Street view

* Q4 adj EPS $0.21 vs est. $0.25

* Q4 rev $361.6 mln vs est. $359 mln

* Sees FY 2013 EPS $0.20-$0.30

July 25 (Reuters) - Casual dining chain Ruby Tuesday Inc reported a lower-than-expected adjusted quarterly profit as fewer people frequented its restaurants.

The company posted a fourth-quarter loss of $5.8 million, or 9 cents per share, compared with a profit of $13.9 million, or 21 cents per share, a year earlier.

Excluding items, the company earned 21 cents per share.

Revenue rose 2.9 percent to $361.6 million.

Analysts on average expected earnings of 25 cents per share on sales of $359 million, according to Thomson Reuters I/B/E/S.

Ruby Tuesday shares, which have fallen about 30 percent in the past year, closed at $6.17 on Wednesday on the New York Stock Exchange.

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