Ignite Restaurant Group (IRG) Announces Quarterly Earnings Results, Misses Expectations By $0.16 EPS
Ignite Restaurant Group (NYSE:IRG) issued its quarterly earnings data on Thursday. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.16, American Banking News reports. The company had revenue of $229.80 million for the quarter, compared to the consensus estimate of $238.74 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis.
Ignite Restaurant Group (NYSE:IRG) traded down 0.08% on Thursday, hitting $12.38. 102,959 shares of the company’s stock traded hands. Ignite Restaurant Group has a one year low of $11.26 and a one year high of $17.50. The stock has a 50-day moving average of $13.5 and a 200-day moving average of $13.85. The company’s market cap is $323.4 million.
Ignite Restaurant Group, Inc operates two restaurant brands, Joe’s Crab Shack (NYSE:IRG) and Brick House Tavern + Tap (Brick House).
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