PASADENA, Calif. (AP) — PASADENA, Calif. (AP) — Dine Brands Global Inc. (DIN) on Wednesday reported first-quarter net income of $17.5 million.
On a per-share basis, the Pasadena, California-based company said it had net income of $1.13. Earnings, adjusted for one-time gains and costs, came to $1.33 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The parent company of Applebee’s and IHOP restaurants posted revenue of $206.2 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $211.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DIN at https://www.zacks.com/ap/DIN
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