TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Bloomin’ Brands Inc. (BLMN) on Thursday reported a third-quarter loss of $45.9 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Tampa, Florida-based company said it had a loss of 54 cents. Losses, adjusted for one-time gains and costs, were 3 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The owner of Outback Steakhouse and other casual dining spots posted revenue of $928.8 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $900.2 million.
Bloomin’ Brands expects full-year earnings in the range of $1.10 to $1.15 per share.
Bloomin’ Brands shares have fallen 41% since the beginning of the year. The stock has decreased 54% in the last 12 months.
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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 BLMN at https://www.zacks.com/ap/BLMN
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