PASADENA, Calif. (AP) — PASADENA, Calif. (AP) — Dine Brands Global Inc. (DIN) on Wednesday reported first-quarter earnings of $8.2 million.
The Pasadena, California-based company said it had profit of 53 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, were $1.03 per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The parent company of Applebee’s and IHOP restaurants posted revenue of $214.8 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $215.3 million.
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