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Searching for 'stocks Street'. (Return) - Financial MarketsAug 11, 2020
Wall Street stocks near record peak after rally in Europe
Global equities lifted by fiscal stimulus optimism and vaccine hopes as Russia approves Covid-19 treatment

MarketWatch MarketPulseAug 11, 2020
Red Robin shares drop 5% on plunge in sales, widening loss
Red Robin Gourmet Burgers Inc. shares were down 5% in after-hours trading Tuesday after the restaurant chain reported fiscal second-quarter results that fell far short of Wall Street estimates. Red Robin executives blamed the shortfall on the closure of restaurants during the pandemic. Red Robin reported a net loss of $56.3 million, or $4.09 a share, versus net income of $981,000, or 8 cents a share, in the year-ago quarter. Revenue slumped 48% to $161.1 million from $308 million a year ago. Analysts surveyed by FactSet had expected a loss of $3.27 a share on revenue of $166.6 million. Red Robin shares are down 67% this year. The broader S&P 500 index has improved 3% in 2020.

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