Red Robin (RRGB) Reports Q3 Loss, Tops Revenue Estimates
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Red Robin (RRGB) reported a Q3 loss of $1.13 per share, which was larger than the Zacks Consensus Estimate of a $0.87 loss. However, the company exceeded revenue expectations.
November 07, 2024 | 12:00 am
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Red Robin reported a larger-than-expected Q3 loss of $1.13 per share, missing the Zacks Consensus Estimate of $0.87. Despite this, the company exceeded revenue expectations.
The larger-than-expected loss per share could negatively impact investor sentiment, but the revenue beat may offset this. The mixed results create uncertainty in the short-term stock price direction.
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