Red Robin Gourmet Burgers Q1 adjusted earnings Miss Estimates

(RTTNews) - Red Robin Gourmet Burgers (RRGB) revealed a profit for first quarter that dropped from the same period last year.

The company's earnings came in at $0.64 million, or $0.05 per share. This compares with $4.38 million, or $0.34 per share, in last year's first quarter.

Excluding items, Red Robin Gourmet Burgers reported adjusted earnings of $2.41 million or $0.19 per share for the period.

Analysts had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.8% to $409.87 million from $421.52 million last year.

Red Robin Gourmet Burgers earnings at a glance:

-Earnings (Q1): $2.41 Mln. vs. $9.05 Mln. last year. -EPS (Q1): $0.19 vs. $0.69 last year. -Analysts Estimate: $0.50 -Revenue (Q1): $409.87 Mln vs. $421.52 Mln last year.